gasome priIce per galloh (ih cities) and the cost of a barrel of oil are shown below for a random selection of weeks in 2015. Oil ($) 84.32 58.93 56.44 73.38 50.66 47.73 Gasoline ($) 2.976 2.516 2.677 2.728 2.360 2.420 Send data to Excel The correlation coefficient for the data is r 0.929 and a = 0.01. Should regression analysis be done? O The regression analysis should not be done. ab O The regression analysis should be done. Find the equation of the regression line. Round the coefficients to at least three decimal places. '=a+bx Find the cost of gasoline when oll is $58 a barrel. Round the answer to at least three decimal places. When oil is $58 a barrel, gas costs S per gallon.

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Espa
Oil and Gas Prices The average gasoline price per gallon (in cities) and the cost of a barrel of oil are shown below for a random selection of weeks in 2015.
Oil ($)
84.32 58.93 56.44 73.38 50.66 47.73
Gasoline ($)
2.976 2.516 2.677 2.728 2.360 2.420
00
Send data to Excel
The correlation coefficient for the data is r 0.929 and a = 0.01. Should regression analysis be done?
O The regression analysis should not be done.
O The regression analysis should be done.
Find the equation of the regression line. Round the coefficients to at least three decimal places.
y'=a+bx
a =
b 3=
Find the cost of gasoline when oil is $58 a barrel. Round the answer to at least three decimal places.
When oil is $58 a barrel, gas costs $
per gallon.
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Transcribed Image Text:Espa Oil and Gas Prices The average gasoline price per gallon (in cities) and the cost of a barrel of oil are shown below for a random selection of weeks in 2015. Oil ($) 84.32 58.93 56.44 73.38 50.66 47.73 Gasoline ($) 2.976 2.516 2.677 2.728 2.360 2.420 00 Send data to Excel The correlation coefficient for the data is r 0.929 and a = 0.01. Should regression analysis be done? O The regression analysis should not be done. O The regression analysis should be done. Find the equation of the regression line. Round the coefficients to at least three decimal places. y'=a+bx a = b 3= Find the cost of gasoline when oil is $58 a barrel. Round the answer to at least three decimal places. When oil is $58 a barrel, gas costs $ per gallon. Save For Later Submit Assignment Check 02021 Mc LLC Privacy 403 PM 54 Mostly sunny 12/14/2021 PgDn End F10 PgUp FI PrtScn Home %23
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