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. $$\begin{array} { c c }
\hline \text { Corn Price } ( \$ / b u ) & \text { Ribeye Price } ( \$ / l b ) \
\hline 6.09 & 12.59 \
6.45 & 13.23 \
6.32 & 13.62 \
6.25 & 12.89 \
6.33 & 13.22 \
6.53 & 14.10 \
\hline
\end{array}$$ Compute the least-squares regression line for predicting the ribeye price from the corn price.
A) y=-5.491+0.3372 x
B) y=2.9654-5.491 x
C) y=5.491+0.3372 x
D) y=-5.491+2.9654 x

Question

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. $$\begin{array} { c c } 
\hline \text { Corn Price } ( \$ / b u ) & \text { Ribeye Price } ( \$ / l b ) \
\hline 6.09 & 12.59 \
6.45 & 13.23 \
6.32 & 13.62 \
6.25 & 12.89 \
6.33 & 13.22 \
6.53 & 14.10 \
\hline
\end{array}$$ Compute the least-squares regression line for predicting the ribeye price from the corn price. 
A) y=-5.491+0.3372 x
B) y=2.9654-5.491 x
C) y=5.491+0.3372 x
D) y=-5.491+2.9654 x

Quizplus · Accepted Answer

The Answer of 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. $$\begin{array} { c c } 
\hline \text { Corn Price } ( \$ / b u ) & \text { Ribeye Price } ( \$ / l b ) \
\hline 6.09 & 12.59 \
6.45 & 13.23 \
6.32 & 13.62 \
6.25 & 12.89 \
6.33 & 13.22 \
6.53 & 14.10 \
\hline
\end{array}$$ Compute the least-squares regression line for predicting the ribeye price from the corn price. 
A) y=-5.491+0.3372 x
B) y=2.9654-5.491 x
C) y=5.491+0.3372 x
D) y=-5.491+2.9654 x

One of the Primary Feeds for Beef Cattle Is Corn