Oil Quality and Price Quality of oil is measured in API gravity degrees--the higher the degrees API, the higher the quality. The table shown below is produced by an expert in the field who believes that there is a relationship between quality and price per barrel. A partial Minitab output follows: {Oil Quality and Price Narrative} For what values of API gravity degrees do we feel comfortable making predictions for oil price?

Question

Oil Quality and Price Quality of oil is measured in API gravity degrees--the higher the degrees API, the higher the quality. The table shown below is produced by an expert in the field who believes that there is a relationship between quality and price per barrel.  A partial Minitab output follows:     {Oil Quality and Price Narrative} For what values of API gravity degrees do we feel comfortable making predictions for oil price?

Quizplus · Accepted Answer

The Answer of Oil Quality and Price Quality of oil is measured in API gravity degrees--the higher the degrees API, the higher the quality. The table shown below is produced by an expert in the field who believes that there is a relationship between quality and price per barrel.  A partial Minitab output follows:     {Oil Quality and Price Narrative} For what values of API gravity degrees do we feel comfortable making predictions for oil price?

Oil Quality and Price Quality of Oil Is Measured in API