Oil and Gas Prices The average gasoline price per gallon (in cities) and the cost of a barrel of oil are shown below for a random selection of weeks in 2015. Oil (S) 54.77 47.27 46.70 77.96 47.05...


Oil and Gas Prices The average gasoline price per gallon (in cities) and the cost of a barrel of oil are shown below for a random selection of weeks in 2015.<br>Oil (S)<br>54.77 47.27 46.70 77.96 47.05 82.92<br>Gasoline ($)<br>2.543 2.366 2.639 3.059 2.412 2.958<br>Send data to Excel<br>The correlation coefficient for the data is r= 0.919 and a = 0.01. Should regression analysis be done?<br>O The regression analysis should not be done. O<br>O The regression analysis should be done.<br>Find the equation of the regression line. Round the coefficients to at least three decimal places.<br>y' a+bx<br>a =<br>b =<br>Find the cost of gasoline when oil is $64 a barrel. Round the answer to at least three decimal places.<br>per gallon.<br>When oil is $64 a barrel, gas costsS<br>

Extracted text: Oil and Gas Prices The average gasoline price per gallon (in cities) and the cost of a barrel of oil are shown below for a random selection of weeks in 2015. Oil (S) 54.77 47.27 46.70 77.96 47.05 82.92 Gasoline ($) 2.543 2.366 2.639 3.059 2.412 2.958 Send data to Excel The correlation coefficient for the data is r= 0.919 and a = 0.01. Should regression analysis be done? O The regression analysis should not be done. O O The regression analysis should be done. Find the equation of the regression line. Round the coefficients to at least three decimal places. y' a+bx a = b = Find the cost of gasoline when oil is $64 a barrel. Round the answer to at least three decimal places. per gallon. When oil is $64 a barrel, gas costsS

Jun 10, 2022
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