The table below shows the amounts of crude oil in thousands of barrels per day) produced by a country and the amounts of crude oil (in thousands of barrels per day) imported by a country, for the last seven year
Construct and interpret a 99% prediction interval for the amount of crude oil imported by the this country when the amount of crude oil produced by the country is 5,582 thousand barrels per day. The equation of the
regression line is y = - 1.192x + 16,229.793.
Oil produced, x
5,828
5,693
5,601
5,467
5,184
5,085
5.040
Oil imported, y
9,317
9.101
9.613
10.080
10.160
10.106
10.073
Construct and interpret a 99% prediction interval for the amount of crude oil imported when the amount of crude oil produced by the country is 5,582 thousand barrels per day. Select the correct choice below and fill
answer boxes to complete your choice.
(Round to the nearest cent as needed.)
( 20
O A. We can be 99% confident that when the amount of oil produced is 5,582 thousand barrels, the amount of oil imported will be between
and
OB. There is a 99% chance that the predicted amount of oil imported is between
and
thousand barrels, when there are 5.582 thousand barrels produced