Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Math-K300 Spring 2022 Online Kierstyn Cochran 04/17/22 9:02 PM E Homework: Section 9.3 Measures of Regression & Prediction In Question 20, 9.3.27-T > HW Score:

image text in transcribed
Math-K300 Spring 2022 Online Kierstyn Cochran 04/17/22 9:02 PM E Homework: Section 9.3 Measures of Regression & Prediction In Question 20, 9.3.27-T > HW Score: 83.33%, 25 of 30 points Points: 0 of 1 Save 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 5,545 thousand barrels per day. The equation of the regression line is y = - 1.173x +16,137.166. Oll produced, x 5,846 5,743 5,614 5,431 5,166 5,059 5,022 Oll Imported, y 9,315 9,101 9,692 10,006 10,166 10,194 10,067 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 5,545 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.) A. There is a 90% chance that the predicted amount of oil imported is between and thousand barrels, when there are 5,545 thousand barrels produced. B. We can be 90% confident that when the amount of oil produced is 5,545 thousand barrels, the amount of oil imported will be between and

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Geometry Using The Geometer's Sketchpad

Authors: Barbara E Reynolds, William E Fenton

1st Edition

1118213408, 9781118213407

More Books

Students also viewed these Mathematics questions

Question

=+b) What are the upper and lower 3s control limits?

Answered: 1 week ago

Question

Values: What is important to me?

Answered: 1 week ago

Question

Purpose: What do we seek to achieve with our behaviour?

Answered: 1 week ago