The regression analysis below relates US annual energy consumption in trillions

Question

The regression analysis below relates US annual energy consumption in trillions of BTUs to the independent variable "US Gross Domestic Product (GDP) in trillions of dollars." Which of the following statements is true? The y-intercept of the regression line is 62, 695 trillion BTUs. The x-intercept of the regression line is $62, 695 trillion. In the event that a thermonuclear war completely halts all economic activity and the US GDP drops to zero, energy consumption will sink to 62, 695 trillion BTUs. None of the above.

Explanation / Answer

Answer to the question below:

1. False. The y-intercept is 62,695 not 62695 trillions

2. False. Its not x-intercept

3. True. This is the right interpreation

4. False. Because 3 is right

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