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The regression analysis below relates US annual energy consumption in trillions of BTUs to the independent variable US Gross Domestic Product (GDP) in trillions of

The regression analysis below relates US annual energy consumption in trillions of BTUs to the independent variable "US Gross Domestic Product (GDP) in trillions of dollars."

Which of the following statements is true?

Energy Consumption and GDP

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  • The y-intercept of the regression line is 62,695 trillion BTUs.
  • The x-intercept of the regression line is $62,695 trillion.
  • In the event that a thermonuclear war completely halts all economic activity and the US GDP drops to zero, energy consumption will sink to 62,695 trillion BTUs.
  • None of the above.

image text in transcribed
US Energy Consumption (in trillion BTUs) vs. Gross Domestic Product (in $trillions) Regression Statistics Multiple R 0.9709 0.9426 Adjusted R 0.9394 F test results Standard Error 1,889 F value Signif. F Observations 20 295.51 0.0000 Coefficients Sed Error t Stat P-value Intercept 62.695 1,325 47.31 0.0000 GOP (Strillions) 3.786 220 17.19 0.0000

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