Average price of a barrel of oil and the average retail

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You have been collecting data for many years on the average price of a barrel of oil and the average retail price of a gallon of 87 octane gasoline. You would like to use this information to predict the price of a gallon of gas. In analyzing these variables, which of the following best describes what you would you expect to see?

a. The correlation coefficient would be positive.

b. The correlation coefficient would be negative.

c. The correlation coefficient would be 0.

d. The correlation coefficient would be $1.99 per gallon.

Reference no: EM132850863

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