Answer Happy

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 = - 1.255x + 16,552.33. Complete parts (a) and (b) below. Produced, x Imported, y 5,826 9,322 5,716 5,551 5,355 5,206 5,129 5,059 9,114 9,676 10,026 10,118 10,105 10,025 (a) Find the coefficient of determination and interpret the result. pa = .836 (Round to three decimal places as needed.) How can the coefficient of determination be interpreted? The fraction of the variation in the amount of imported crude oil that can be explained by the variation in the amount of produced crude oil is ?. other factors or to sampling error. The remaining fraction 1 - 2 of the variation is unexplained and is due to (b) Find the standard error of estimate se and interpret the result. Se thousands of barrels per day (Round to three decimal places as needed.)