the actual formula for this is ΔP = wh or simply pressure differential is equal to specific weight x height, where specific weight is density times gravity. actually lb/ft3 is not standard and should be converted to slugs/ft3 to get actual density by dividing it by gravitational constant, 32.174, and getting 0.002378 which is the standard density at sea level.
Note if you use the equation without converting it units will not cancel out, such that h = delta P/rho x g which g has a unit of time, second, which cannot cancel out unless you convert the 0.075 lb/ft3 into slugs/ft3.
Doing so h = ΔPg/ρg, both g or gravity will cancel out thus you get h as ΔP/ρ.