The regression analysis below relates US annual energy consumption in trillions
ID: 3232381 • Letter: T
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." The coefficient on the independent variable tells us that for every additional trillion dollars of GDP, average energy consumption increased by 3, 786 trillion BTUs. for every additional dollar of GDP, average energy consumption increased by 3, 786 trillion BTUs. for every additional trillion dollars of GDP, average energy consumption increased by 3, 786 BTUs. for every additional trillion BTUs of energy consumption, average GDP increased by $3, 786 trillion.Explanation / Answer
SLOPE tells me change in dependent variable with a unit increase in independent variable.
here option a is correct.
for every additional trillion dollars of GDP, avg energy consumption increased by 3786 trillion BTUs