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} Determine the least squares regression line.

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} Determine the least squares regression line.

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} Determine the least squares regression line.