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. $\begin{array} { c c }
\hline \text { Corn Price (\$/bu) } & \text { Ribeye Price } ( \$ / \mathrm { lb } ) \
\hline 6.02 & 12.71 \
6.48 & 13.07 \
5.77 & 12.00 \
5.95 & 12.48 \
5.99 & 12.36 \
6.55 & 14.17 \
\hline
\end{array}$
The least-squares regression line for predicting the ribeye price from the corn price is $y = - 0.7225 + 2.2069 x$ Predict the ribeye price in a month when the corn price was $6.28 per bushel.
A) $13.14 per lb
B) $14.52 per lb
C) $12.48 per lb
D) $13.86 per lb

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. $\begin{array} { c c } 
\hline \text { Corn Price (\$/bu) } & \text { Ribeye Price } ( \$ / \mathrm { lb } ) \
\hline 6.02 & 12.71 \
6.48 & 13.07 \
5.77 & 12.00 \
5.95 & 12.48 \
5.99 & 12.36 \
6.55 & 14.17 \
\hline
\end{array}$
The least-squares regression line for predicting the ribeye price from the corn price is $y = - 0.7225 + 2.2069 x$ Predict the ribeye price in a month when the corn price was $6.28 per bushel.
A) $13.14 per lb
B) $14.52 per lb
C) $12.48 per lb
D) $13.86 per lb

Quizplus · Accepted Answer

The Answer is A

One of the Primary Feeds for Beef Cattle Is Corn