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

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
ChapterP: Prologue: Calculator Arithmetic
Section: Chapter Questions
Problem 1E: Valentines Day According to the National Retail Federation, on Valentines Day 2015, American men...
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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
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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