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The Following MINITAB Output Presents the Lest Squares Regression Line =65.103448+1.267241= 65.103448 + 1.267241

Question 25

Multiple Choice

The following MINITAB output presents the lest squares regression line for predicting the price of a certain commodity from the price of a barrel of oil

The regression equation is
Commodity =65.103448+1.267241= 65.103448 + 1.267241 Oil

 Predictor  Coef  SE Coef  T  P  Constant 65.10344843.018811.5133720.204741 Oil 1.2672410.4282792.9589130.0416\begin{array}{lrrrr}\text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\\text { Constant } & 65.103448 & 43.01881 & 1.513372 & 0.204741 \\\text { Oil } & 1.267241 & 0.428279 & 2.958913 & 0.0416\end{array}
Predict the commodity price when the oil price is $106\$ 106 per barrel.


A) $134\$ 134
B) $199\$ 199
C) $189\$ 189
D) $219\$ 219

Correct Answer:

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