Use the following spreadsheet to work Problems . The spreadsheet provides data on oil and gasoline: Column

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Use the following spreadsheet to work Problems . The spreadsheet provides data on oil and gasoline: Column A is the year, column B is the price of oil (dollars per barrel), column C is the price of gasoline (cents per gallon), column D is U.S. oil production, and column E is the U.S. quantity of gasoline refined.A 2010 1 2 2011 3 2012 4 5 6 7 8 2017 9 2018 10 2019 11 2020 2013 2014 2015 2016 B 66 72 100 62 79 95 94 98

Draw a scatter diagram of the quantity of U.S. oil produced and the quantity of gasoline refined. Describe the relationship.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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