Scatter Plot And Exponential Model by Homework Help Classof1

Scatter Plot And Exponential Model

byHomework Help Classof1

Kobo ebook | March 12, 2013

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"Annual world crude oil production, 1880 – 1998 (millions of barrels)The data table gives information on the world crude production from 1880 to 1998.

(a) Make a scatter plot that displays the relationship between years since 1800 and the crude oil production. Comments on what you see.
(b) It appears that no single model will describe the relationship between these variables effectively, Make a scatter plot of the data from 1880 to 1972. (Be sure to use years since 1800!) Use transformation to liberalize the data, and then perform an inverse transformation to obtain either a power or exponential model that describe the relationship. Justify your choice of transformation with appropriate statistical evidence.
(c) Use your model from (b) to predict crude oil production in 1974. How comfortable do you feel with this prediction? Support your answer with appropriate statistical evidence.
(d) Now make a scatter plot of the data from 1982 to 1998 (again, use years since 1800). Find a linear, power, or exponential model that describes the crude oil production during this time period.
(e) Use your model from (d) to predict crude oil production in 2002. how comfortable do you feel with this prediction? Support your answer with appropriate statistical evidence.
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Title:Scatter Plot And Exponential ModelFormat:Kobo ebookPublished:March 12, 2013Publisher:Classof1Language:English

The following ISBNs are associated with this title:

ISBN:9990006280319

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