MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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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 (
$
)
Gasoline (
$
)
47.79
2.638
44.62
2.636
81.08
2.944
43.67
2.528
40.58
2.623
48.64
2.682
 

The correlation coefficient for the data is =r0.954 and =α0.01. Should regression analysis be done?

 

  Find the equation of the regression line. Round the coefficients to at least three decimal places.  
 
=y′+abx
 
 
=a
 
 
=b
 
     
  Find the cost of gasoline when oil is 
$57
 a barrel. Round the answer to at least three decimal places.
 
 
When oil is $57 a barrel, gas costs $ per gallon.
 
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