The table shows the amounts of crude oil (in thousands of barrels per day) produced by a certain country and the amounts of crude oil (in thousands of barrels per day) imported by the same country for seven years. The equation of the regression line is y-1.196x+16,255.09. Complete parts (a) and (b) below Produced, x Imported, y (a) Find the coefficient of determination and interpret the result (Round to three decimal places as needed.) How can the coefficient of determination be interpreted? The fraction of the variation in the amount of the variation is unexplained and is due to other factors or to sampling error (b) Find the standard error of estimates, and interpret the result thousands of barrels per day Round to three decimal places as needed.) How can the standard error of estimate be interpreted? The standard error of estimate of the amount of 5,827 9,349 for 5,701 5.500 5.410 5.216 5,106 5,035 9,107 9.654 10,059 10,105 10,198 10,003 CU that can be explained by the variation in the amount of is about The remaining fraction

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The table shows the amounts of crude oil (in thousands of barrels per day) produced by a certain country and the amounts of crude oil (in thousands of barrels per day) imported by the same country
for seven years. The equation of the regression line is y=-1.196x+16,255.09. Complete parts (a) and (b) below.
Produced, x
Imported, y
(a) Find the coefficient of determination and interpret the result
(Round to three decimal places as needed.)
How can the coefficient of determination be interpreted?
The fraction of the variation in the amount of
the variation is unexplained and is due to other factors or to sampling error.
(b) Find the standard error of estimates, and interpret the result.
thousands of barrels per day
(Round to three decimal places as needed.)
How can the standard error of estimate be interpreted?
The standard error of estimate of the amount of
5,827
9,349
for
5,701 5,590 5410 5.216 5,105 5,035
9,107 9,654 10,059 10,105 10,198 10,003
BULLM
that can be explained by the variation in the amount of
of
is about
The remaining fraction
Next
Transcribed Image Text:The table shows the amounts of crude oil (in thousands of barrels per day) produced by a certain country and the amounts of crude oil (in thousands of barrels per day) imported by the same country for seven years. The equation of the regression line is y=-1.196x+16,255.09. Complete parts (a) and (b) below. Produced, x Imported, y (a) Find the coefficient of determination and interpret the result (Round to three decimal places as needed.) How can the coefficient of determination be interpreted? The fraction of the variation in the amount of the variation is unexplained and is due to other factors or to sampling error. (b) Find the standard error of estimates, and interpret the result. thousands of barrels per day (Round to three decimal places as needed.) How can the standard error of estimate be interpreted? The standard error of estimate of the amount of 5,827 9,349 for 5,701 5,590 5410 5.216 5,105 5,035 9,107 9,654 10,059 10,105 10,198 10,003 BULLM that can be explained by the variation in the amount of of is about The remaining fraction Next
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