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Estimate the economic value associated with recovery level

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Reference no: EM131273893

The table gives the approximate economic value associated with various levels of oil recovery in a U.S. state.

Percent Recovery (%)

10

40

50

80

Economic Value ($ billions)

700

1400

1500

2500

a) Find the regression line. d(r)=_____

b) Use the regression line to estimate the economic value associated with a recovery level of 70%. = _____billion

Reference no: EM131273893

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