Compute the least-squares regression line for predicting the ribeye price from the corn price.
-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. $\begin{array}{cc}
\hline \text { Corn Price }(\$ / \mathrm{bu}) & \text { Ribeye Price }(\$ / \mathrm{lb}) \
\hline 6.67 & 14.42 \
5.75 & 11.90 \
6.06 & 12.35 \
5.92 & 12.62 \
6.36 & 13.01 \
6.13 & 13.27 \
\hline
\end{array}$

A) $y = 2.22 + 0.41 x$
B) $y = - 2.22 + 2.46 x$
C) $y = 2.46 - 2.22 x$
D) $y = - 2.22 + 0.41 x$

Question

Compute the least-squares regression line for predicting the ribeye price from the corn price.
-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. $\begin{array}{cc}
\hline \text { Corn Price }(\$ / \mathrm{bu}) & \text { Ribeye Price }(\$ / \mathrm{lb}) \
\hline 6.67 & 14.42 \
5.75 & 11.90 \
6.06 & 12.35 \
5.92 & 12.62 \
6.36 & 13.01 \
6.13 & 13.27 \
\hline
\end{array}$

A) $y = 2.22 + 0.41 x$
B) $y = - 2.22 + 2.46 x$
C) $y = 2.46 - 2.22 x$
D) $y = - 2.22 + 0.41 x$

Quizplus · Accepted Answer

The Answer of Compute the least-squares regression line for predicting the ribeye price from the corn price.
-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. $\begin{array}{cc}
\hline \text { Corn Price }(\$ / \mathrm{bu}) & \text { Ribeye Price }(\$ / \mathrm{lb}) \
\hline 6.67 & 14.42 \
5.75 & 11.90 \
6.06 & 12.35 \
5.92 & 12.62 \
6.36 & 13.01 \
6.13 & 13.27 \
\hline
\end{array}$

A) $y = 2.22 + 0.41 x$
B) $y = - 2.22 + 2.46 x$
C) $y = 2.46 - 2.22 x$
D) $y = - 2.22 + 0.41 x$

Compute the Least-Squares Regression Line for Predicting the Ribeye Price