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 (\ /) Ribeye Price (\ /) 6.34 13.22 5.93 12.06 6.45 13.72 6.19 12.75 6.56 13.27 5.94 12.17
The least-squares regression line for predicting the ribeye price from the corn price is y=−1.7478+2.3437x
If the price of corn differs by $0.35
per bushel, by how much would you expect the price , ribeye to differ?