The table lists fossil fuel production as a percentage of total energy production for selected years. A linear regression model for this data is(A) Draw a scatter plot of the data and a graph of the model on the same axes.y = - 0.33x+95.0OA.OB.where x represents years after 1960 and y represents the corresponding percentage of oil imports.100100Fossil Fuel ProductionProduction (%)96Year196007->19701980916060Years after 106088Years after 1980199084OC.OD.200083100,1000-046060Years after 1960Years after 1960(B) Interpret the slope of the model.The rate of change of the percentage of oil imports with respect to time is -0.33%per year.(C) Use the model to predict fossil fuel production in 2010.In 2010 fossil fuel production as a percentage of total production will be about 78.5 %.(Round to one decimal place as needed.)(D) Use the model to estimate the year in which fossil fuel production will fall below 70% of total energy production.In the year fossil fuel production is expected to fall below 70% of total energy production.(Round up to the nearest year.)

ne table lists fossil fuel production as a percentage of total energy production for selected years. A linéar regression model for this data is y=-0.33x + 95.0 here x represents years after 1960 and y represents the corresponding percentage of oil imports. (A) Draw a scatter plot of the data and a graph of the model on the same axes. O A. B. 100T 100 Fossil Fuel Production Production (%) 96 91 88 84 83 Year 1960 1970 1980 1990 2000 Years after t000 Years after 1900 OC. OD. 100 100 E 60 Years after 1000 Years after 1960

ne table lists fossil fuel production as a percentage of total energy production for selected years. A linéar regression model for this data is y=-0.33x + 95.0 here x represents years after 1960 and y represents the corresponding percentage of oil imports. (A) Draw a scatter plot of the data and a graph of the model on the same axes. O A. B. 100T 100 Fossil Fuel Production Production (%) 96 91 88 84 83 Year 1960 1970 1980 1990 2000 Years after t000 Years after 1900 OC. OD. 100 100 E 60 Years after 1000 Years after 1960

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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