The table below shows US crude oil production, in millions of barrels per day, from 1970 to

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The table below shows US crude oil production, in millions of barrels per day, from 1970 to 2010.

a. Determine and interpret the 20th percentile value for the oil production data.
b. Determine and interpret the 75th percentile value.
c. Determine and interpret the median value.
d. What is the percentile for the oil production in 1989? 2003?

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Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

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Question Posted: Jul 16, 2015 03:54 PM

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The table below shows US crude oil production, in millions of barrels per day, from 1970 to

Question:

11233556666778924 5 4 7 787877888 7 560862185028557665762 .9 0 1 1 3 4 5 6 7 8 8 8 244568134 455555555555666666777 2109876543201 2

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a Calculate 82 which well round up to 9 The 20 th percentile value then is 575 the 9 th entry in the ...View the full answer

Understanding Business Statistics

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