Consider the Following to Answer the Question(s) Below

Consider the following to answer the question(s) below:
A small independent organic food store offers a variety of specialty coffees. To determine whether price has an impact on sales, the managers kept track of how many kilograms of each variety of coffee were sold last month. The data, scatterplot and summary statistics are shown below.

-A pair of variables, x and y, have a correlation coefficient of -0.8851. Which of the following statements is true?

A) variation of x explains about 78.34 % of the variation of y
B) variation of x explains about 88.51 % of the variation of y
C) variation of y explains about 78.34% of the variation of x
D) variation of x cannot explain about 78.34 % of the variation of y
E) variation of y explains about 88.51% of the variation of x

Correct Answer:

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