Question
We show the companies with the largest oil refining capacity in the world according to thePetroleum Intelligence Weekly. Use these population data and answer the
We show the companies with the largest oil refining capacity in the world according to thePetroleum Intelligence Weekly. Use these population data and answer the questions.
Company | Capacity (barrels per day in 1,000s) |
ExxonMobil | 6,300 |
Royal Dutch/Shell | 3,791 |
China Petrochemical | 2,867 |
Petroleos de Venezuela | 2,437 |
Saudi Arabian Oil | 1,970 |
BP Amoco | 1,965 |
Chevron | 1,661 |
Petrobras | 1,540 |
Texaco | 1,532 |
Petroleos Mexicanos (Pemex) | 1,520 |
National Iranian Oil | 1,092 |
a.What are the values of the mean and the median? Compare the answers and state which you prefer as a measure of location for these data and why.
b.What are the values of the range and interquartile range? How do they differ?
c.What are the values of variance and standard deviation for these data?
d.What is thez-score for Texaco? What is thez-score for ExxonMobil? Interpret thesez-scores.
e.Calculate the Pearsonian coefficient of skewness and comment on the skewness of this distribution.
a.mean =
, median =
b.range =
, IQR =
Round the answers below to 2 decimal places (the tolerance is +/ 0.05).
c.Variance 2=
, Standard deviation: =
d.Texaco:z=
; Exxon Mobil:z=
e.Skewness: sk=
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started