The table shows world average daily oil consumption from 1985 to 2010 measured in thousands of barrels

Question:

The table shows world average daily oil consumption from 1985 to 2010 measured in thousands of barrels per day.

(a) Make a scatter plot and decide whether a linear model is appropriate.

(b) Find and graph the regression line.

Years since 1985	Thousands of barrels of oil per day
0	60,083
5	66,533
10	70,099
15	76,784
20	84,077
25	87,302

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Calculus Early Transcendentals

ISBN: 978-1285741550

8th edition

Authors: James Stewart

See More Books

Question Posted: Jan 05, 2019 10:57 AM

See More Questions

Figure 3.37 depicts the amounts of daily oil consumption in the United States and Japan. Does the illustration accurately depict the data? Why or why not? Figure 3.37 Daily Oil Consumption (millions...
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...
The following table lists the average oil consumption per day for the top 15 oil-consuming countries. Use a graphical technique to present these figures. Consumption Country (barrels per day) Brazil...
We listed management of expectations as one of the Feds new unconventional monetary policy tools. Explain what this new policy tool does. List the potential problem of this policy tool.
How do you calculate the present value of a a. Perpetuity? b. Annuity? c. Growing perpetuity? d. Growing annuity?
The program execution of Figure 3.5 is described in the text using six steps. Expand this description to show the use of the MAR and MBR. Memory CPU registers Memory CPU registers 3 0 0PC300 1 9 4 0...
Mean and standard deviations of $x(t)$ vary with $t$ a. Correlation functions in an experiment b. Nonstationary process c. Sample space of $x(t)$ at times $t_{1}, t_{2}, \ldots$ d. White...
The Bureau of Labor Statistics collects input and output data from various countries for comparison purposes. Labor hours are the standard measure of input. Calculate the output per hour from the...
Capital Budgeting tools were used to determine the best of three project proposals intended to maximize value for the company. NPV: $44,262,268.65 Payback Period: 1.36 PI: 5.43 IRR: 79.79% explain...
The following are summaries of the cash book and bank accounts of Patsy Knight, a sole proprietor, who does not keep her books using the double entry system. Bank Summary Balance on I January 2018...
Evaluate the difference quotient for the given function. Simplify your answer. f(a + h) f(a) f(x) = r, h
Find an explicit formula for f 1 and use it to graph f 1 , f, and the line y = x on the same screen. To check your work, see whether the graphs of f and f 1 are reflections about the line. f(x) = 4x...
(Comprehensive Income) Roxanne Carter Corporation reported the following for 2004: net sales $1,200,000; cost of goods sold $750,000; selling and administrative expenses $320,000; and an unrealized...
What is transonic airfoil flow?
Suppose a company has 10 employees who make $\$ 10$ an hour, a manager who makes $\$ 100$ an hour, and a director who makes $\$ 280$ an hour. (a) What is the mean wage? (b) What are the \(5...
Several widely-cited empirical studies have shown that approximately $75 \%$ to $80 \%$ of stock options held until expiration expire worthless (out of the money). Based on these studies, many...
What are the lower critical Mach number and the upper critical Mach number?
Compared with subsonic airfoil flow, what are the main characteristics of transonic airfoil flow?
You can easily generate random numbers in a spread-sheet that have an exponential distribution with a given mean. For example, to generate 200 such numbers from an exponential distribution with =...
As indicated by mutual fund flows, investors tend to beat the market seek safety invest in last year's winner invest in last years loser
Explain, using Theorems 4, 5, 7, and 9, why the function is continuous at every number in its domain. State the domain. 22. G(x) = V(1 + x*) 21. F(x) x2 + 5x + 6 23. R(x) = x + V2x - 1 sin x 24. h(x)...
Explain, using Theorems 4, 5, 7, and 9, why the function is continuous at every number in its domain. State the domain. 22. G(x) = V(1 + x*) 21. F(x) x2 + 5x + 6 23. R(x) = x + V2x - 1 sin x 24. h(x)...
Explain, using Theorems 4, 5, 7, and 9, why the function is continuous at every number in its domain. State the domain. 22. G(x) = V(1 + x*) 21. F(x) x2 + 5x + 6 23. R(x) = x + V2x - 1 sin x 24. h(x)...
Proposals to increase inheritance taxes are also under discussion. These are taxes on the amount of money that a person (an heir) inherits. What would the likely effect on the labor supply of heirs...
In 2011, a new program was put in place that allowed Christmas trees to be taxed (initially $1 per tree), with funds going to the Christmas Tree Promotion Board. The CTPB would use the funds to...
W W2 W3 W4 f f f f Consider the following two-sided matching problem. ff2 f3 f Wi W3 WA f2 fa fa fa fa fa f2 fi fa f2 fi f2 102 W3 WA W2 W3 W2 W2 Wi Wa Wa Wi W3 Compute the W-DA outcome. Compute the...

The table shows world average daily oil consumption from 1985 to 2010 measured in thousands of barrels

Question:

Step by Step Answer:

a See the scatter plot in part b A linear model seems appropriat...View the full answer

Calculus Early Transcendentals

Students also viewed these Mathematics questions