Try out our new practice tests completely free!
Solved

# One of the Primary Feeds for Beef Cattle Is CornThe Least-Squares Regression Line for Predicting the Ribeye Price from the Following

Question 8
Multiple Choice
Question 8
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.$\begin{array}{cc}\hline \text { Corn Price }(\ / \mathrm{bu}) & \text { Ribeye Price }(\ / \mathrm{lb}) \\\hline 6.34 & 13.22 \\5.93 & 12.06 \\6.45 & 13.72 \\6.19 & 12.75 \\6.56 & 13.27 \\5.94 & 12.17 \\\hline\end{array}$The least-squares regression line for predicting the ribeye price from the corn price is $y = - 1.7478 + 2.3437 x$ .If the price of corn differs by $\ 0.35$ per bushel, by how much would you expect the price , ribeye to differ?

A) $- \ 0.61$ per lb
B) $\ 0.61$ per lb
C) $\ 0.93$ per lb
D) $\ 0.82$ per $\mathrm { lb }$

Choose question tag

10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.

### Statistics

Explore our library and get Introductory Statistics Homework Help with various study sets and a huge amount of quizzes and questions

Get Free Access Now!
Textbook Solutions

Find all the solutions to your textbooks, reveal answers you would’t find elsewhere

Search By Image

Scan any paper and upload it to find exam solutions and many more

Flashcards

Studying is made a lot easier and more fun with our online flashcards