Explanation Given information: US imports of crude oil and petroleum have been increasing. There have been many ups and downs, but the general trend is shown by the line in the given figure. Calculation: The slope m is defined as m = y 2 − y 1 x 2 − x 1 Here ( x 1 , y 1 ) and ( x 2 , y 2 ) lie on the line. We consider 0 for 1990, 2 for 1992 and so on. From the graph, we can write two points on the line as follows, ( x 1 , y 1 ) = ( 4 , 7 To determine (b) To write: An equation for the line by defining variables and including their units. To determine (c) To find: When the linear model predicts import will reach 18 million barrels per day, and answer if the prediction is reliable.

6th Edition

ISBN: 9781119267874

Author: Hughes-Hallett

Publisher: WILEY

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Question

Chapter 1.2, Problem 22P

To determine

(a)

To find:

The slope of the lineand include its units of measurement.

To determine

(b)

To write:

An equation for the line by defining variables and including their units.

To determine

(c)

To find:

When the linear model predicts import will reach 18 million barrels per day, and answer if the prediction is reliable.

Expert Solution & Answer

Chapter 1 Solutions

APPLIED CALCULUS-WILEYPLUS

Ch. 1.1 - Prob. 1P Ch. 1.1 - Prob. 2P Ch. 1.1 - Prob. 3P Ch. 1.1 - Prob. 4P Ch. 1.1 - Prob. 5P Ch. 1.1 - Prob. 6P Ch. 1.1 - Prob. 7P Ch. 1.1 - Prob. 8P Ch. 1.1 - Prob. 9P Ch. 1.1 - Prob. 10P

Ch. 1.1 - Prob. 11P Ch. 1.1 - Prob. 12P Ch. 1.1 - Prob. 13P Ch. 1.1 - Prob. 14P Ch. 1.1 - Prob. 15P Ch. 1.1 - Prob. 16P Ch. 1.1 - Prob. 17P Ch. 1.1 - Prob. 18P Ch. 1.1 - Prob. 19P Ch. 1.1 - Prob. 20P Ch. 1.1 - Prob. 21P Ch. 1.1 - Prob. 22P Ch. 1.1 - Prob. 23P Ch. 1.1 - Prob. 24P Ch. 1.1 - Prob. 25P Ch. 1.1 - Prob. 26P Ch. 1.1 - Prob. 27P Ch. 1.1 - Prob. 28P Ch. 1.1 - Prob. 29P Ch. 1.1 - Prob. 30P Ch. 1.1 - Prob. 31P Ch. 1.1 - Prob. 32P Ch. 1.1 - Prob. 33P Ch. 1.1 - Prob. 34P Ch. 1.1 - Prob. 35P Ch. 1.1 - Prob. 36P Ch. 1.1 - Prob. 37P Ch. 1.1 - Prob. 38P Ch. 1.1 - Prob. 39P Ch. 1.1 - Prob. 40P Ch. 1.2 - Prob. 1P Ch. 1.2 - Prob. 2P Ch. 1.2 - Prob. 3P Ch. 1.2 - Prob. 4P Ch. 1.2 - Prob. 5P Ch. 1.2 - Prob. 6P Ch. 1.2 - Prob. 7P Ch. 1.2 - Prob. 8P Ch. 1.2 - Prob. 9P Ch. 1.2 - Prob. 10P Ch. 1.2 - Prob. 11P Ch. 1.2 - Prob. 12P Ch. 1.2 - Prob. 13P Ch. 1.2 - Prob. 14P Ch. 1.2 - Prob. 15P Ch. 1.2 - Prob. 16P Ch. 1.2 - Prob. 17P Ch. 1.2 - Prob. 18P Ch. 1.2 - Prob. 19P Ch. 1.2 - Prob. 20P Ch. 1.2 - 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Prob. 26P Ch. 1.8 - Prob. 27P Ch. 1.8 - Prob. 28P Ch. 1.8 - Prob. 29P Ch. 1.8 - Prob. 30P Ch. 1.8 - Prob. 31P Ch. 1.8 - Prob. 32P Ch. 1.8 - Prob. 33P Ch. 1.8 - Prob. 34P Ch. 1.8 - Prob. 35P Ch. 1.8 - Prob. 36P Ch. 1.8 - Prob. 37P Ch. 1.8 - Prob. 38P Ch. 1.8 - Prob. 39P Ch. 1.8 - Prob. 40P Ch. 1.8 - Prob. 41P Ch. 1.8 - Prob. 42P Ch. 1.8 - Prob. 43P Ch. 1.8 - Prob. 44P Ch. 1.8 - Prob. 45P Ch. 1.8 - Prob. 46P Ch. 1.8 - Prob. 47P Ch. 1.8 - Prob. 48P Ch. 1.8 - Prob. 49P Ch. 1.8 - Prob. 50P Ch. 1.8 - Prob. 51P Ch. 1.8 - Prob. 52P Ch. 1.8 - Prob. 53P Ch. 1.8 - Prob. 54P Ch. 1.8 - Prob. 55P Ch. 1.8 - Prob. 56P Ch. 1.8 - Prob. 57P Ch. 1.8 - Prob. 58P Ch. 1.8 - Prob. 59P Ch. 1.9 - Prob. 1P Ch. 1.9 - Prob. 2P Ch. 1.9 - Prob. 3P Ch. 1.9 - Prob. 4P Ch. 1.9 - Prob. 5P Ch. 1.9 - Prob. 6P Ch. 1.9 - Prob. 7P Ch. 1.9 - Prob. 8P Ch. 1.9 - Prob. 9P Ch. 1.9 - Prob. 10P Ch. 1.9 - Prob. 11P Ch. 1.9 - Prob. 12P Ch. 1.9 - Prob. 13P Ch. 1.9 - Prob. 14P Ch. 1.9 - Prob. 15P Ch. 1.9 - Prob. 16P Ch. 1.9 - Prob. 17P Ch. 1.9 - 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(a) To find: The slope of the lineand include its units of measurement.

Solution Summary: The author calculates the slope of the line by defining variables and including their units.

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(a) To find: The slope of the lineand include its units of measurement.

(b) To write: An equation for the line by defining variables and including their units.

(c) To find: When the linear model predicts import will reach 18 million barrels per day, and answer if the prediction is reliable.

Chapter 1 Solutions

(a)

To find:

The slope of the lineand include its units of measurement.

(b)

To write:

An equation for the line by defining variables and including their units.

(c)

To find:

When the linear model predicts import will reach 18 million barrels per day, and answer if the prediction is reliable.