The average gasoline price per gallon (in cities) and the cost of a barrel of oil are shown for a random selection of weeks from 2009–2010. Oil ($) 46.25 37.51 78.00 75.39 84.88 73.78 Gasoline ($) 2.197 2.182 2.987 3.015 3.109 3.000 Use the data to calculate, round your answers to 4 decimal places. Example 0.2345 or .2345 a) r = b) r2 = c) The linear regression equation is: y = x + d) According to your model, what is the average cost per gallon of gasoline if oil costs $60.00 per barrel? The cost is $ . (Round to the nearest cent)
The average gasoline price per gallon (in cities) and the cost of a barrel of oil are shown for a random selection of weeks from 2009–2010. Oil ($) 46.25 37.51 78.00 75.39 84.88 73.78 Gasoline ($) 2.197 2.182 2.987 3.015 3.109 3.000 Use the data to calculate, round your answers to 4 decimal places. Example 0.2345 or .2345 a) r = b) r2 = c) The linear regression equation is: y = x + d) According to your model, what is the average cost per gallon of gasoline if oil costs $60.00 per barrel? The cost is $ . (Round to the nearest cent)
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.EA: Extended Application Using Extrapolation To Predict Life Expectancy
Problem 2EA
Related questions
Question
The average gasoline price per gallon (in cities) and the cost of a barrel of oil are shown for a random selection of weeks from 2009–2010.
| Oil ($) | 46.25 | 37.51 | 78.00 | 75.39 | 84.88 | 73.78 |
| Gasoline ($) | 2.197 | 2.182 | 2.987 | 3.015 | 3.109 | 3.000 |
Use the data to calculate, round your answers to 4 decimal places. Example 0.2345 or .2345
a) r =
b) r2 =
c) The linear regression equation is:
y = x +
d) According to your model, what is the average cost per gallon of gasoline if oil costs $60.00 per barrel?
The cost is $ . (Round to the nearest cent)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 4 images
Recommended textbooks for you
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning