The table below shows the amounts of crude oil (in thousands of barrels per day) produced by a country and the amounts of crude ol (in thousands of barrels per day) imported by a country, for the last seven years. Construct and interpret a 90% prediction interval for the amount of crude ol imported by the this country when the amount of crude oil produced by the country is 5,604 thousand barrels per day. The equation of the regression line is y = - 1.183x + 16,191.143. Oil produced, x Oil imported, y 5,792 5,711 5,614 5,490 5,185 5,073 5,034 9.331 9,111 9,611 10,086 10,165 10,138 10,066 Construct and interpret a 90% prediction interval for the amount of crude ol imported when the amount of crude oil produced by the country is 5,604 thousand barrels per day. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) O A. We can be 90% confident that when the amount of oil produced is 5,604 thousand barrels, the amount of ol imported will be between and OB. There is a 90% chance that the predicted amount of oil imported is between and thousand barrels, when there are 5.604 thousand barrels produced.

The table below shows the amounts of crude oil (in thousands of barrels per day) produced by a country and the amounts of crude ol (in thousands of barrels per day) imported by a country, for the last seven years. Construct and interpret a 90% prediction interval for the amount of crude ol imported by the this country when the amount of crude oil produced by the country is 5,604 thousand barrels per day. The equation of the regression line is y = - 1.183x + 16,191.143. Oil produced, x Oil imported, y 5,792 5,711 5,614 5,490 5,185 5,073 5,034 9.331 9,111 9,611 10,086 10,165 10,138 10,066 Construct and interpret a 90% prediction interval for the amount of crude ol imported when the amount of crude oil produced by the country is 5,604 thousand barrels per day. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) O A. We can be 90% confident that when the amount of oil produced is 5,604 thousand barrels, the amount of ol imported will be between and OB. There is a 90% chance that the predicted amount of oil imported is between and thousand barrels, when there are 5.604 thousand barrels produced.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Concept explainers

Correlation

Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.

Linear Correlation

A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.

Regression Analysis

Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.

Question

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 90% prediction interval for the amount of crude oil imported by the this country when the
amount of crude oil produced by the country is 5,604 thousand barrels per day. The equation of the regression line is y = - 1.183x + 16,191.143.
Oil produced, x
Oil imported, y
5,792
5,711
5,614
5,490
5,185
5,073
5,034
9,331
9,111
9,611
10,086
10,165
10,138
10,066
Construct and interpret a 90% prediction interval for the amount of crude oil imported when the amount of crude oil produced by the country is 5,604 thousand barrels per day. Select the correct choice below and fill in the answer boxes to complete your choice.
(Round to the nearest cent as needed.)
O A. We can be 90% confident that when the amount of oil produced is 5,604 thousand barrels, the amount of oil imported will be between
and
O B. There is a 90% chance that the predicted amount of oil imported is between
and
thousand barrels, when there are 5,604 thousand barrels produced.

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