K The table below shows the amounts of crude oil (in thousands of barrels per day) produced by a country and the amounts of crude oil (in thousands of barrels per day) imported by a country, for the last seven years. Construct and interpret a 95% prediction interval for the amount of crude oil imported by the this country when the amount of crude oil produced by the country is 5,543 thousand barrels per day. The equation of the regression line is y=-1.085x+15,662.491. Oil produced, x Oil imported, y 5,847 9,341 5,696 9,137 5,649 9,612 5,489 10,016 5,180 10,189 5,065 10,128 5,042 10,013 B Construct and interpret a 95% prediction interval for the amount of crude oil imported when the amount of crude oil produced by the country is 5,543 thousand barrels per day. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to two decimal places as needed.) OA. We can be 95% confident that when the amount of oil produced is 5,543 thousand barrels per day, the amount of oil imported OB. There is a 95% chance that the predicted amount of oil imported is between and thousand barrels per day, when will be between there are 5,543thousand barrels per day produced. and thousand barrels per day.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
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The table below shows the amounts of crude oil (in thousands of barrels per day) produced by a country and the amounts of crude oil (in thousands of barrels per day) imported by a country, for the last
seven years. Construct and interpret a 95% prediction interval for the amount of crude oil imported by the this country when the amount of crude oil produced by the country is 5,543 thousand barrels per
day. The equation of the regression line is y=-1.085x+15,662.491.
Oil produced, x
Oil imported, y
5,847
9,341
5,696
9,137
5,649
9,612
www
5,489
10,016
5,180
10,189
5,065
10,128
5,042
10,013
C
Construct and interpret a 95% prediction interval for the amount of crude oil imported when the amount of crude oil produced by the country is 5,543 thousand barrels per day. Select the correct choice
below and fill in the answer boxes to complete your choice.
(Round to two decimal places as needed.)
OA. We can be 95% confident that when the amount of oil produced is 5,543 thousand barrels per day, the amount of oil imported
will
be between and
thousand barrels per day.
OB. There is a 95% chance that the predicted amount of oil imported is between and thousand barrels per day, when there are 5,543thousand barrels per day produced.
Transcribed Image Text:K The table below shows the amounts of crude oil (in thousands of barrels per day) produced by a country and the amounts of crude oil (in thousands of barrels per day) imported by a country, for the last seven years. Construct and interpret a 95% prediction interval for the amount of crude oil imported by the this country when the amount of crude oil produced by the country is 5,543 thousand barrels per day. The equation of the regression line is y=-1.085x+15,662.491. Oil produced, x Oil imported, y 5,847 9,341 5,696 9,137 5,649 9,612 www 5,489 10,016 5,180 10,189 5,065 10,128 5,042 10,013 C Construct and interpret a 95% prediction interval for the amount of crude oil imported when the amount of crude oil produced by the country is 5,543 thousand barrels per day. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to two decimal places as needed.) OA. We can be 95% confident that when the amount of oil produced is 5,543 thousand barrels per day, the amount of oil imported will be between and thousand barrels per day. OB. There is a 95% chance that the predicted amount of oil imported is between and thousand barrels per day, when there are 5,543thousand barrels per day produced.
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