Compute the Least-Squares Regression Line for Predicting the Ribeye Price

question 5

Multiple Choice

Compute the least-squares regression line for predicting the ribeye price from the corn price.
-One of the primary feeds for beef cattle is corn. The following table presents the average price in dollars for a bushel of corn and a pound of ribeye steak for 10 consecutive months. $\begin{array}{cc}\hline \text { Corn Price }(\$ / \mathrm{bu}) & \text { Ribeye Price }(\$ / \mathrm{lb}) \\\hline 6.67 & 14.42 \\5.75 & 11.90 \\6.06 & 12.35 \\5.92 & 12.62 \\6.36 & 13.01 \\6.13 & 13.27 \\\hline\end{array}$

• A) \(y = 2.22 + 0.41 x\)
• B) \(y = - 2.22 + 2.46 x\)
• C) \(y = 2.46 - 2.22 x\)
• D) \(y = - 2.22 + 0.41 x\)