Oil Quality and Price Quality of Oil Is Measured in API

question 30

Essay

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} Interpret the value of the slope of the regression line.

---

Definitions:

Preattentive Process

Cognitive processing that occurs without conscious awareness, quickly analyzing basic features of stimuli in the environment.

Cognition

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

Preattentive Processes

Cognitive processes that occur without conscious awareness, automatically extracting certain elements from the environment.

Divergent Processes

Cognitive operations that involve thinking in multiple directions to generate a variety of solutions to problems.