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If the price of the corn differs by $0.55 per bushel by how much would you expect the price of the ribeye to differ Sy

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If the price of the corn differs by $0.55 per bushel by how much would you expect the price of the ribeye to differ

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Sy = 4.6 40 . 2 (.209 ( 17.2) r = 0.94 39. 14 376 23) One of the primary feeds for beef cattle is com. The following table presents the 23) average price in dollars for a bushel of corn and a pound of ribeye steak for 10 consecutive months. Corn Price ($/bu) Ribeye Price ($/lb) 6.48 14.01 6.35 13.72 6.67 14.14 6.46 13.51 5.85 12.28 5.99 12.64 The least-squares regression line for predicting the ribeye price from the corn price is y = -1.3099 + 2.3323x. If the price of corn differs by $0.55 per bushel, by how much would you expect the price of ribeye to differ

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