Step 1 :First, we need to input the data. We can do this by creating two lists, one for the corn prices and one for the ribeye prices. The corn prices are [6.67, 5.75, 6.06, 5.92, 6.36, 6.13] and the ribeye prices are [14.42, 11.90, 12.35, 12.62, 13.01, 13.27].
Step 2 :Then, we calculate the necessary sums and the number of data points. The number of data points (N) is 6, the sum of the corn prices (sum_X) is 36.89, the sum of the ribeye prices (sum_Y) is 77.57, the sum of the product of the corn and ribeye prices (sum_XY) is 478.2465, and the sum of the square of the corn prices (sum_X2) is 227.3479.
Step 3 :Next, we calculate the slope (m) and the y-intercept (b) of the least-squares regression line. The slope (m) is \( \frac{N \cdot sum\_XY - sum\_X \cdot sum\_Y}{N \cdot sum\_X2 - sum\_X^2} = 2.463751438435031 \) and the y-intercept (b) is \( \frac{sum\_Y - m \cdot sum\_X}{N} = -2.219631760644719 \).
Step 4 :Finally, we can write the equation of the least-squares regression line for predicting the ribeye price from the corn price. The equation is \( y = mx + b \), so the final answer is \( \boxed{y = 2.46x - 2.22} \).