Refer to the Information Provided in Figure 4

question 34

Multiple Choice

Refer to the information provided in Figure 4.4 below to answer the question(s) that follow. Figure 4.4
-Refer to Figure 4.4. If a $25 per barrel tariff is levied on imported oil, the United States will

• A) import 2 million barrels of oil per day.
• B) import 6 million barrels of oil per day.
• C) import 10 million barrels of oil per day.
• D) export 10 million barrels of oil per day.

---

Definitions:

Independent Variables

Factors in a study or statistical model that are altered or classified to ascertain their impact on outcomes or dependent variables.

Data Points

Individual measurements or observations that are collected as part of a dataset.

Total Variation

The overall measure of variability within a dataset, including both the explained and unexplained variance.

Coefficient of Determination

A measure in statistics that shows the proportion of the variance in the dependent variable that is predictable from the independent variable(s).