The table shows the amounts of crude oil (in thousands of barrels per day) produced by a certain country and the amounts of crude oil (in thousands of barrels per day) imported by the same country for seven years. The equation of the regression line is y = - 1.298x + 16,829.94. Complete parts (a) and (b) below. 5,718 5,595 5,370 5,226 5,167 | 5,028 O 9,193 9,687 10,042 10,188 10,176 10,050 Produced, x 5,768 Imported, y 9,325 (a) Find the coefficient of determination and interpret the result. (Round to three decimal places as needed.) How can the coetficient of determination be interpreted? The fraction of the variation in the amount of V that can be explained by the variation in the amount of V is V The remaining fraction of the variation is unexplained and is due to other factors or to sampling error. (b) Find the standard error of estimate s, and interpret the result. S thousands of barrels per day (Round to thrna darimal nlares as neerded Enter your answer in each of the answer boxes.

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The table shows the amounts of crude oil (in thousands of barrels per day) produced by a certain country and the amounts of crude oil (in thousands of barrels per day) imported by the same country for seven years.
The equation of the regression line is y = - 1.298x+ 16,829.94. Complete parts (a) and (b) below.
Produced, x
5,718 5,595 5,370 5,226 5,167 5,028 O
9,193 9,687 10,042 10,188 10,176 10,050
5,768
Imported, y
9,325
(a) Find the coefficient of determination and interpret the result.
(Round to three decimal places as needed.)
How can the coefficient of determination be interpreted?
The fraction of the variation in the amount of
V that can be explained by the variation in the amount of
V is
V The remaining fraction
V of the variation is
unexplained and is due to other factors or to sampling error.
(b) Find the standard error of estimate s, and interpret the result.
s,= thousands of barrels per day
(Round to three decimal nlaces as neededY
Enter your answer in each of the answer boxes.
P Type here to search
a
3:26 AM
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5/2/2021
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Transcribed Image Text:The table shows the amounts of crude oil (in thousands of barrels per day) produced by a certain country and the amounts of crude oil (in thousands of barrels per day) imported by the same country for seven years. The equation of the regression line is y = - 1.298x+ 16,829.94. Complete parts (a) and (b) below. Produced, x 5,718 5,595 5,370 5,226 5,167 5,028 O 9,193 9,687 10,042 10,188 10,176 10,050 5,768 Imported, y 9,325 (a) Find the coefficient of determination and interpret the result. (Round to three decimal places as needed.) How can the coefficient of determination be interpreted? The fraction of the variation in the amount of V that can be explained by the variation in the amount of V is V The remaining fraction V of the variation is unexplained and is due to other factors or to sampling error. (b) Find the standard error of estimate s, and interpret the result. s,= thousands of barrels per day (Round to three decimal nlaces as neededY Enter your answer in each of the answer boxes. P Type here to search a 3:26 AM (? 5/2/2021 144 insert prt sc deete 2$ & 9. + backspae Yore tab R Y U P caps lock H. J. "K V. M.
The table shows the amounts of crude oil (in thousands of barrels per day) produced by a certain country and the amounts of crude oil (in thousands of barrels per day) imported by the same country for seven years.
The equation of the regression line is y = - 1.298x + 16,829.94. Complete parts (a) and (b) below.
Produced, x
5,718 5,595 5,370 5,226 5,167 5,028 O
9,193 9,687 10,042 10,188 10,176 10,050
5,768
Imported, y
9,325
How can the coefficient of determination be interpreted?
The fraction of the variation in the amount of
V that can be explained by the variation in the amount of
V is
V The remaining fraction
v of the variation is
IS
unexplained and is due to other factors or to sampling error.
(b) Find the standard error of estimate s, and interpret the result,
S,= thousands of barrels per day
(Round to three decimal places as needed.)
How can the standard error of estimate be interpreted?
The standard error of estimate of the amount of
V for
of
Vis about s.
Enter your answer in each of the answer boxes.
P Type here to search
a
3:27 AM
99+
へ ロ
5/2/2021
20
esc
144
\nsert
prt se
elete
@
2.
%24
4
&
3
8
backspace
tome
tab
Y
caps lock
A.
G
H
J.
"K
enter
shift
paase
V.
B
M.
R
Transcribed Image Text:The table shows the amounts of crude oil (in thousands of barrels per day) produced by a certain country and the amounts of crude oil (in thousands of barrels per day) imported by the same country for seven years. The equation of the regression line is y = - 1.298x + 16,829.94. Complete parts (a) and (b) below. Produced, x 5,718 5,595 5,370 5,226 5,167 5,028 O 9,193 9,687 10,042 10,188 10,176 10,050 5,768 Imported, y 9,325 How can the coefficient of determination be interpreted? The fraction of the variation in the amount of V that can be explained by the variation in the amount of V is V The remaining fraction v of the variation is IS unexplained and is due to other factors or to sampling error. (b) Find the standard error of estimate s, and interpret the result, S,= thousands of barrels per day (Round to three decimal places as needed.) How can the standard error of estimate be interpreted? The standard error of estimate of the amount of V for of Vis about s. Enter your answer in each of the answer boxes. P Type here to search a 3:27 AM 99+ へ ロ 5/2/2021 20 esc 144 \nsert prt se elete @ 2. %24 4 & 3 8 backspace tome tab Y caps lock A. G H J. "K enter shift paase V. B M. R
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