Suppose the following table represents world oil production in millions of barre
ID: 2948598 • Letter: S
Question
Suppose the following table represents world oil production in millions of barrels a day for a recent period of time. Complete parts a and b.
Region
Oil Production? (millions of barrels a? day)
Iran
2.962.96
Saudi Arabia
7.657.65
Other OPEC countries
21.0221.02
?Non-OPEC countries
51.8251.82
a. Compute the percentage of values in each category.
Region
Oil Production? (millions of barrels a? day)
Percentage
Iran
2.962.96
?%
Saudi Arabia
7.657.65
%
Other OPEC countries
21.0221.02
?%
?Non-OPEC countries
51.8251.82
nothing ?%
Region
Oil Production? (millions of barrels a? day)
Iran
2.962.96
Saudi Arabia
7.657.65
Other OPEC countries
21.0221.02
?Non-OPEC countries
51.8251.82
Explanation / Answer
Answer
total oil production = 2.96+7.65+21.2+51.82 =83.63
% for Iran = (oil production/total oil production)*100 = (2.96/83.63)*100 = 3.54%
% for Saudi Arabia = (oil production/total oil production)*100 = (7.65/83.63)*100 = 9.15%
% for other OPEC countries = (oil production/total oil production)*100 = (21.02/83.63)*100 = 25.13%
% for Non opec countries = (oil production/total oil production)*100 = (51.82/83.63)*100 = 61.96%
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