ARE These Cope ect? Oil Consumption in the US 9,000 8,000 7,000 6,000 5,000 4,00

Question

ARE These Cope ect? Oil Consumption in the US 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 y = 74883x-142768 R2 0.8327 1950 1960 1970 1980 1990 2000 2010 1.) Accurately answer the following information in the graphic: a.) Use the trend line equation to estimate the barrels of oll (millions) consumed by the US in 1950. 2,4 b.) In 1960, is actual US consum or below the estimate? How can you tell? c) What period of time is most accurate? Write a sentence explaining how you came to this conclusion. 95- 1499 d.) Interpret the value 74.883 and write a sentence explaining what it represents.

Explanation / Answer

a,b,d above mentioned are correct.

c can be 1991-2003.it makes a good fit with the linear line

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