Concept explainers
(a)
To calculate: The regression line to show Continental’s net income as a function of the price of oil and also calculate
Year | ||||||
Price of oil($/barrel) | ||||||
Continental Net income($ million) |
(b)
The relation between Continental’s net income and the price of oil by using the value of
Year | ||||||
Price of oil($/barrel) | ||||||
Continental Net income($ million) |
(c)
To graph: The regression line to support the answer calculated in part (b). When the table representing the price of oil and the profit of airline over the period
Year | ||||||
Price of oil($/barrel) | ||||||
Continental Net income($ million) |
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