# Shown here are the top 19 companies in the world in terms of oil refining capacity. Some

## Question:

a. What is the probability that exactly one company is privately owned?

b. What is the probability that exactly four companies are privately owned?

c. What is the probability that all six companies are privately owned?

d. What is the probability that none of the companies is privately owned?

Company Ownership Status

ExxonMobil ............... Private

Royal Dutch/Shell ........... Private

British Petroleum ............. Private

Sinopec................. Private

Valero Energy .............. Private

Petroleos de Venezuela ......... State

Total ................. Private

ConocoPhillips ............. Private

China National ............. State

Saudi Arabian .............. State

Chevron ............... Private

Petroleo Brasilerio ........... State

Petroleos Mexicanos ........... State

National Iranian ............ State

OAO Yukos .............. Private

Nippon ................ Private

OAO Lukoil .............. Private

Repsol YPF .............. Private

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## Step by Step Answer:

**Related Book For**

## Business Statistics for Contemporary Decision Making

**ISBN:** 978-0470910184

6th Edition

**Authors:** Ken Black