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. Construcand 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 5,542 thousand barrels per day. The equation of the regression line isy = - 1.248x + 16,547.218.Oil produced, xOil imported, y5,7599,3075,7249,1465.6429,6115,48210,0115,19910,1855,09210,1165,05210,0882Construct and interpret a 90% prediction interval for the amount of crude oil imported when the amount of crude oil produced by the country is 5,542 thousand barrels per day. Select the correct choice below and fill in theanswer boxes to complete your choice.(Round to two decimal places as needed.)O A. There is a 90% chance that the predicted amount of oil imported is between and thousand barrels per day, when there are 5,542 thousand barrels per day produced.O B. We can be 90% confident that when the amount of oil produced is 5,542 thousand barrels per day, the amount of oil imported will be between and thousand barrels per day.

Obtain the 90% prediction interval for the amount of crude oil produced by the country is 5542…

Answered: The table below shows the amounts of…

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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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) mported 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 5,508 thousand barrels per day. The equation of the regression line is y = - 1.120x + 15,839.271. Oil produced, x 5,684 5,654 5,452 5,157 5,061 5,030 5,826 9,680 10,041 10,154 10,121 10,060 Oil imported, y 9,304 9,105 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 5,508 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.) and O A. We can be 95% confident that when the amount of oil produced is 5,508 thousand barrels, the…
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None
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