Problem

According the BP Statistical Review of World Energy 2006, the United States produced 7733...

According the BP Statistical Review of World Energy 2006, the United States produced 7733 thousand barrels of oil a day in 2000 and 6830 thousand barrels daily in 2005. Use an exponential model to determine the average annual rate at which U.S. daily oil production was declining over this time period.

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Solutions For Problems in Chapter 3.R