A New Technique for Extracting Oil and Gas-Called "Fracking"-Spurred an Economic

question 99

Multiple Choice

A new technique for extracting oil and gas-called "fracking"-spurred an economic boom in the formerly sleepy town of Smallburg, located in what had been thought to be a depleted oil field. Workers swarmed into the town, and Jeanie started a laundry service to meet their needs. In this case, Jeanie had spotted an entrepreneurial opportunity created by the new extraction technique, or a ________, which in turn created an oil boom, or a(n) ________.

• A)technological discovery; economic dislocation
• B)technological discovery; government initiative
• C)government initiative; lifestyle change
• D)technological discovery; lifestyle change
• E)calamity; economic dislocation

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Definitions:

Regression Equation

A formula that describes the relationship between a dependent variable and one or more independent variables.

Length

The measurement or extent of something from end to end; the greater of two or the greatest of three dimensions of an object.

Plot

The sequence of events or main story in a narrative or literary work.

Interaction Term

In statistics, an interaction term is used in models to determine if the effect of two or more variables on a response variable is not additive, indicating that the variables interact in how they influence the response.