Case Study: The Texan Oil Refining Company. The Texan Oil Refining Company (TORC) has four oil fields, four refineries and four distribution centres in locations across the globe. Task 1: (20 marks) The Texan Oil Refining Company (TORC) sets its oil exploration strategy based on the projected local oil usage data using the USA statistics. Use the data sets from '2022 oil production by region' and' 2022 oil consumption by region' taken from www.ourworldindata.org accessed 24/01/2022 to answer the following questions about oil consumption and oil production in the USA. See appendix 1, Oil consumption and Production USA' a) Calculate the average oil production per year for the USA from 1965 - present day. Present the statistics draw charts and discuss whether the production rate is increasing or decreasing. (4 marks) b) Repeat for the average oil consumption figures from 1965- present day. (4 marks) c) Draw a scatter diagram year on year to illustrate and correlation between the data and state the relevant statistics and interpret the statistics. (4 marks) d) Calculate the mean and standard deviation of the consumption data from 1965- 2010. Use this as your historical data to conduct al hypothesis test at the 95% level of confidence if oil consumption in the USA has increased. (4 marks) e) For your hypothesis test state clearly. a) Ho and H1, b) test statistic, c) your conclusion d) interpretation (4 marks) Total 20 marks