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Conduct a Regresssion Analysis

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October 6th, 2022

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 is the lowest level at which the independent variable is significant?

Energy Consumption and GDP
Source

0.94
0.10
0.05
0.01

Which of the following statements is true?

Energy Consumption and GDP
Source

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.

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