Refer the Data given below and answer the following questions:-
Dear Student
1) Independent Variable - Years in which Crude Oil Production is recorded
Dependent Variable - Total production of Crude Oil in each recorded year
Independent Variable - Years in which Crude Oil Consumption is observed
Dependent Variable - Total consumption of Crude Oil in each recorded year
2) Quadrillion BTU (British Thermal Unit) per year in 2025 is 10 which is showing a decline from the previous data of 2020, which shows 11 QBTU. Thus, we can say that the production witnessed a decrease in every five years. The major reason may be because the consumption is continuously increasing, due to which the production is witnessing a decline.
Regards
1) Independent Variable - Years in which Crude Oil Production is recorded
Dependent Variable - Total production of Crude Oil in each recorded year
Independent Variable - Years in which Crude Oil Consumption is observed
Dependent Variable - Total consumption of Crude Oil in each recorded year
2) Quadrillion BTU (British Thermal Unit) per year in 2025 is 10 which is showing a decline from the previous data of 2020, which shows 11 QBTU. Thus, we can say that the production witnessed a decrease in every five years. The major reason may be because the consumption is continuously increasing, due to which the production is witnessing a decline.
Regards