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How much oil will ultimately be produced by wells in a given field is key information in deciding whether to drill more wells. Here are
How much oil will ultimately be produced by wells in a given field is key information in deciding whether to drill more wells. Here are the estimated total amounts of oil recovered from an SRS of 31 wells in the Devonian Richmond Dolomite area of the Michigan Basin, in thousands of barrels.
21.7 | 53.2 | 46.4 | 42.7 | 50.4 | 97.7 | 103.1 | 51.9 | 43.4 | 69.5 |
34.6 | 37.9 | 12.9 | 2.5 | 31.4 | 79.5 | 26.9 | 18.5 | 14.7 | 32.9 |
24.9 | 82.2 | 35.1 | 47.6 | 54.2 | 63.1 | 69.8 | 57.4 | 65.6 | 56.4 |
49.4 |
Is it appropriate to use one sample t procedures on this data set? That is, does it meet all the requirements of one sample t procedures? explain.
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