Hi Dale
OK, good sensor.
Um ... I was going to attach an image showing how to wire this up, but apparently I can't actually upload pictures to this site?
OK, doing it the long-winded way.
You need to convert what is essentially a signal referenced to the +5 V rail to one referenced to the Ground.
Connect 220 ohm resistor from Red Anode to White Vcc (done already?).
Connect Black Cathode to Green Ground (done already?)
Connect Green Ground to BOB ground (done already?).
Connect White Vcc to +5 V on BOB - assuming the BOB has a suitable output pin. (It should not affect the BOB at all.)
Connect Blue output to base of a small NPN transistor which you supply.
Connect Collector of small transistor to White Vcc.
Connect Emitter of small transistor to Input Pin on BOB.
Test with voltmeter and then Mach Diagnostics.
Cheers