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. \table[[Oil ($), 84.96, 73.02, 44.62, 46.21, 41.11,81.57], [Gasoline ($ ),2.931,2.710,2.299, 2.495, 2.330, 2.945]] Send data to Excel The correlation coefficient for the data is r = 0.973 and x = 0.05. Should regression analysis be done? The regression analysis should not be done. The regression analysis should be done. Find the equation of the regression line. Round the coefficients to at least three decimal places. y=a+bxa = b = Find the cost of gasoline when oil is $57 a barrel. Round the answer to at least three decimal places. When oil is $57 a barrel, gas costs $ per gallon. C 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 ($) Gasoline (S) Send data to Excel 84.96 73.02 44.62 46.21 41.11 81.57 2.931 2.710 2.299 2.495 2.330 2.945 The correlation coefficient for the data is r=0.973 and a 0.05. Should regression analysis be done? O The regression analysis should not be done. 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 = Find the cost of gasoline when oil is $57 a barrel. Round the answer to at least three decimal places. When oil is $57 a barrel, gas costs $ per gallon. X 5
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. \table[[Oil ($), 84.96, 73.02, 44.62, 46.21, 41.11,81.57], [Gasoline ($ ),2.931,2.710,2.299, 2.495, 2.330, 2.945]] Send data to Excel The correlation coefficient for the data is r = 0.973 and x = 0.05. Should regression analysis be done? The regression analysis should not be done. The regression analysis should be done. Find the equation of the regression line. Round the coefficients to at least three decimal places. y=a+bxa = b = Find the cost of gasoline when oil is $57 a barrel. Round the answer to at least three decimal places. When oil is $57 a barrel, gas costs $ per gallon. C 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 ($) Gasoline (S) Send data to Excel 84.96 73.02 44.62 46.21 41.11 81.57 2.931 2.710 2.299 2.495 2.330 2.945 The correlation coefficient for the data is r=0.973 and a 0.05. Should regression analysis be done? O The regression analysis should not be done. 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 = Find the cost of gasoline when oil is $57 a barrel. Round the answer to at least three decimal places. When oil is $57 a barrel, gas costs $ per gallon. X 5
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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![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. \table[[Oil ($), 84.96, 73.02, 44.62, 46.21, 41.11,81.57], [Gasoline ($
),2.931,2.710,2.299, 2.495, 2.330, 2.945]] Send data to Excel The correlation coefficient for the data is r = 0.973 and
x = 0.05. Should regression analysis be done? The regression analysis should not be done. The regression analysis
should be done. Find the equation of the regression line. Round the coefficients to at least three decimal places.
y=a+bxa = b = Find the cost of gasoline when oil is $57 a barrel. Round the answer to at least three decimal places.
When oil is $57 a barrel, gas costs $ per gallon.
C
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 ($)
Gasoline (S)
Send data to Excel
84.96 73.02 44.62 46.21 41.11 81.57
2.931 2.710 2.299 2.495 2.330 2.945
The correlation coefficient for the data is r=0.973 and a 0.05. Should regression analysis be done?
O The regression analysis should not be done.
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 =
Find the cost of gasoline when oil is $57 a barrel. Round the answer to at least three decimal places.
When oil is $57 a barrel, gas costs $ per gallon.
X
5](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0bc385f0-7079-4f42-a6c9-d83d8bf78d10%2Fece4cea5-638a-46fc-a686-5f873b692355%2Fqetceaz_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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. \table[[Oil ($), 84.96, 73.02, 44.62, 46.21, 41.11,81.57], [Gasoline ($
),2.931,2.710,2.299, 2.495, 2.330, 2.945]] Send data to Excel The correlation coefficient for the data is r = 0.973 and
x = 0.05. Should regression analysis be done? The regression analysis should not be done. The regression analysis
should be done. Find the equation of the regression line. Round the coefficients to at least three decimal places.
y=a+bxa = b = Find the cost of gasoline when oil is $57 a barrel. Round the answer to at least three decimal places.
When oil is $57 a barrel, gas costs $ per gallon.
C
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 ($)
Gasoline (S)
Send data to Excel
84.96 73.02 44.62 46.21 41.11 81.57
2.931 2.710 2.299 2.495 2.330 2.945
The correlation coefficient for the data is r=0.973 and a 0.05. Should regression analysis be done?
O The regression analysis should not be done.
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 =
Find the cost of gasoline when oil is $57 a barrel. Round the answer to at least three decimal places.
When oil is $57 a barrel, gas costs $ per gallon.
X
5
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