Will the United States Eventually Run Out of Oil and Have

question 219

Multiple Choice

Will the United States eventually run out of oil and have to reduce living standards?

• A) No, because increases in the price of oil provide incentives to conserve oil, discover more oil, and discover more alternatives to oil.
• B) No, because the government has subsidized alternative forms of energy such as wind and solar.
• C) No, because government programs to mandate energy-efficient cars and public transportation will save oil.
• D) Yes; even though technology has recently helped find more oil, this trend cannot continue.

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Definitions:

75th Percentile

A value below which 75% of the data points in a distribution fall, also known as the third quartile.

sample Data

Collected portions of data from a population used to infer or estimate characteristics of the entire population.

Covariance

A measure of how much two random variables change together.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; quantifies how much the values of a dataset deviate from the mean.