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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} Calculate the Pearson correlation coefficient.What sign does it have? Why?
Sucrose
A disaccharide sugar composed of glucose and fructose, commonly known as table sugar, used extensively as a sweetener.
Fructose
A simple sugar found in many plants, sweeter than glucose and often used in the food and beverage industry.
Glucose
A simple sugar that is an important source of energy and a metabolic intermediate.
Richest Source
A term denoting the most abundant or concentrated supply of a particular resource or substance.
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