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 years. Construct and interpret a 98% prediction interval for the
amount of crude oil imported by the this country when the amount of crude oil produced by the
country is 5,578 thousand barrels per day. The equation of the regression line is
y = - 1.105x + 15,786.023.
Oil produced, x 5,814 5,703 5,642 5,475 5,191 5,076 5,017
Oil imported, y 9,346 9,132 9,666 10,100 10,169 10,139 10,057
Construct and interpret a 98% prediction interval for the amount of crude oil imported when
the amount of crude oil produced by the country is 5,578 thousand barrels per day. Select the
correct choice below and fill in the answer boxes to complete your choice.
(Round to the nearest cent as needed.)
O A. There is a 98% chance that the predicted amount of oil imported is between and
thousand barrels, when there are 5,578 thousand barrels produced.
B. We can be 98% confident that when the amount of oil produced is 5,578 thousand
barrels, the amount of oil imported will be between and