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A grocery store collected sales data. It found that a change in price does not imply that people will buy more or less milk. What can we
determine from this information?
There is no correlation between price and amount of milk bought.
There is a correlation between price and amount of milk bought. However, there is no causation. This is because there is likely a decrease in the
amount of milk bought with an increase in the price.
There is a correlation between price and amount of milk bought. There may or may not be causation. Further studies would have to be done to
determine this.

Respuesta :

Answer:

There is no correlation between price and amount of milk bought.

Step-by-step explanation:

''change in price does not imply that people will buy more or less milk."

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There is no correlation between price and the amount of milk bought. Then the correct option is A.

What is decision-making?

The process of making choice is by identifying the correct decision, gathering information, and assessing alternative solutions.

A grocery store collected sales data.

It found that a change in price does not imply that people will buy more or less milk.

If the demand for the milk is high then the rich people do not consider the price of the milk but the poor people can not afford it. Hence, there is no relation between them.

There is no correlation between price and the amount of milk bought. This is correct.

There is a correlation between price and the amount of milk bought. However, there is no causation. This is incorrect.

This is because there is likely a decrease in the amount of milk bought with an increase in the price. This is incorrect.

There is a correlation between price and the amount of milk bought. There may or may not be causation. Further studies would have to be done to determine this. This is incorrect.

More about the decision-making link is given below.

https://brainly.com/question/3369578

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