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One of the Primary Feeds for Beef Cattle Is CornCompute the Least-Squares Regression Line for Predicting the Ribeye Price

Question 10
Multiple Choice
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Multiple Choice

One of the primary feeds for beef cattle is corn. The following table presents the average price in dollars for a bushel of corn and a pound of ribeye steak for 10 consecutive months.
 Corn Price ($/bu) Ribeye Price (S/lb)5.7612.566.4513.975.7012.076.1712.526.6113.515.8911.97\begin{array}{cc}\hline \text { Corn Price }(\$ / \mathrm{bu}) & \text { Ribeye Price }(\mathrm{S} / \mathrm{lb}) \\\hline 5.76 & 12.56 \\6.45 & 13.97 \\5.70 & 12.07 \\6.17 & 12.52 \\6.61 & 13.51 \\5.89 & 11.97 \\\hline\end{array}
Compute the least-squares regression line for predicting the ribeye price from the corn pri

A) y=1.5651+0.5443xy = - 1.5651 + 0.5443 x
B) y=1.5651+1.8373xy = 1.5651 + 1.8373 x
C) y=1.8373+1.5651xy = 1.8373 + 1.5651 x
D) y=1.5651+0.5443xy = 1.5651 + 0.5443 x

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