EBK BUSINESS STATISTICS
7th Edition
ISBN: 9780134462783
Author: STEPHAN
Publisher: PEARSON CUSTOM PUB.(CONSIGNMENT)
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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,_y5,816 9,3455,741 9,1245,660 9,6325,405 10,0095,155 10,1685,059 10,1055,015 10,055
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 5,583 thousand barrels per day. The equation of the regression line is
V =
- 1.116x + 15,810.670.
Oil produced, x
Oil imported, y
5,773
5,694
5,638
5,481
5,165
5,051
5,010
9,345
9,132
9,616
10,049
10,152
10,165
10,030
Construct and interpret a 98% prediction interval for the amount of crude oil imported when the amount of crude oil produced by the country is 5,583
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. There is a 98% chance that the predicted amount of oil imported is between
and
thousand barrels,…
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 5,464 thousand barrels per day. The equation of the regression line is y = - 1.166x + 16,080.356.
Oil produced, x
Oil imported, y
5,849
5,734
5,603
5.406
5.152
5,076
5,050
9,328
9,114
9,600
10,072
10,190
10,119
10,002
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 5,464 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. There is a 90% chance that the predicted amount of oil imported is between
and
thousand barrels,…
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- For the following exercises, consider the data in Table 5, which shows the percent of unemployed in a city ofpeople25 years or older who are college graduates is given below, by year. 41. Based on the set of data given in Table 7, calculatethe regression line using a calculator or othertechnology tool, and determine the correlationcoefficient to three decimal places.arrow_forwardThe 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…arrow_forwardThe 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 99% prediction interval for the amount of crude oil imported by the this country when the amount of crude oil produced by the country is 5,634 thousand barrels per day. The equation of the regression line is y=- 1.190x+16,230.863. Oil produced, x 5,811 5,659 5,450 5,168 5,094 Oil imported, y 9,320 9,621 10,030 10,126 10,157 5,739 9,118 LL OA. There is a 99% chance that the predicted amount of oil imported is between per day produced. 5,049 10,066 Construct and interpret a 99% prediction interval for the amount of crude oil imported when the amount of crude oil produced by the country is 5,634 thousand barrels per day. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to two decimal places as needed.) and…arrow_forward
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