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 98% prediction interval for the amount of crude oil imported by the this country when the amount of crude oil produced by the country is 5,464
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 98% prediction interval for the amount of crude oil imported by the this country when the amount of crude oil produced by the country is 5,464
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) imported by a country, for the last seven years. Construct and interpret a
98%
prediction interval for the amount of crude oil imported by the this country when the amount of crude oil produced by the country is
5,464
thousand barrels per day. The equation of the regression line is y=-1.106x+15,759.462
Oil_produced,_x Oil_imported,_y
5,816 9,345
5,741 9,124
5,660 9,632
5,405 10,009
5,155 10,168
5,059 10,105
5,015 10,055
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