The table shows the amounts of crude oil (in thousands of barrels per day) produced by the
Question:
The table shows the amounts of crude oil (in thousands of barrels per day) produced by the United States and the amounts of crude oil (in thousands of barrels per day) imported by the United States for seven years. The equation of the regression line is ŷ = -0.438x + 11,404.947.
Use the data to
(a) Find the coefficient of determination r2 and interpret the result, and
(b) Find the standard error of estimate se and interpret the result.
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a About 884 of the variation in the amount of crude oil imported can be e...View the full answer
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Related Book For 
Elementary Statistics Picturing The World
ISBN: 9780134683416
7th Edition
Authors: Ron Larson, Betsy Farber
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