Question: Using data from 2010 and projected to 2030, the U.S. crude oil production, in billions of barrels, can be approximated by P=-0.001052 +0.0367t + 1.94
Using data from 2010 and projected to 2030, the U.S. crude oil production, in billions of barrels, can be approximated by P=-0.001052 +0.0367t + 1.94 where t is the number of years after 2010.7 (a) What t-value represents 2024? (b) Actual production in 2014 was 2.10 billion barrels. What does the equation give as the 2014 approximation in billions of barrels? billion barrels (c) Estimate the production, in billions of barrels, for 2024. billion barrels Need Help? Read it
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