a. Determine the best fit curve for the data. Show the equation representing the best fit curve and the coefficient of determination (R). R shows how well the best fit curve fits the data. b. What would likely be the average price of a barrel of crude oil in the 45 month? c. What was the average price of a barrel of crude oil in the 23" month?

a. Determine the best fit curve for the data. Show the equation representing the best fit curve and the coefficient of determination (R). R shows how well the best fit curve fits the data. b. What would likely be the average price of a barrel of crude oil in the 45 month? c. What was the average price of a barrel of crude oil in the 23" month?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.5: Comparing Sets Of Data

Problem 26PFA

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Question

Question in 1st image. Refer to data in 2nd image.

a. Determine the best fit curve for the data. Show the equation representing the best fit curve and the coefficient of
determination (R). R² shows how well the best fit curve fits the data.
b. What would likely be the average price of a barrel of crude oil in the 45" month?
c. What was the average price of a barrel of crude oil in the 23d month?

A
B
1
Month end Average price of a barrel of crude oil ($)
2
2
108
3
4
112
4
100
8
105
10
115
7
12
118
8
14
100
9.
16
95
10
18
84
11
20
80
12
22
76
13
24
72
14
26
70
15
28
68
16
30
65
17
32
60
18
34
65
19
36
65
20

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