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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} Determine the coefficient of determination and discuss what its value tells you about the two variables.
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A measure of the kinetic energy of the particles in an object or substance, indicative of how hot or cold it is.
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