2.34 The following table lists recoverable reserves of 60 wells on a prospect: 12.65 115.00 63.25...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
2.34 The following table lists recoverable reserves of 60 wells on a prospect: 12.65 115.00 63.25 23.00 29.90 36.80 133.40 171.35 55.20 138.00 14.95 126.50 88.55 46.00 57.50 185.15 58.65 47.15 127.65 94.30 50.60 139.15 173.65 85.10 220.80 109.25 159.85 230.00 94.30 135.70 127.65 174.80 126.50 180.55 331.20 44.85 280.34 95.45 55.20 161.04 109.35 112.72 48.34 58.67 79.43 27.62 25.31 146.12 65.57 33.37 36.83 36.82 265.65 72.47 96.48 241.65 70.15 247.25 98.96 19.55 a. Using the equation 1 +3.322logN, classify the data in equal class intervals. b. What is the frequency of reserves in each interval? c. Generate the cumulative frequency distribution d. Generate the cumulative relative frequency and the decumulative relative frequency distribution. e. Plot the frequency distribution as a histogram and the cumulative relative frequency as an ogive. f. Using the information obtained above; what is the (a) probability of reserves greater than 48,000 Stk. (b) probability of reserves less than 100,000 Sth, and (c) probability of reserves between 160,000 Stb and 43,000 Stb. 2.35 Using the ungrouped data of Problem 2.34, calculate the following. a. Mean, mode, and median. b. Standard deviation, variance, and coefficient of variation. c. Geometric, harmonic, and quadratic mean 2.36 Group the data of Problem 2.34 and calculate the following from the grouped data. a. Mean, median, and mode b. Standard deviation, variance, and co-efficient of variation c. Geometric and harmonic mean d. Draw histogram and cumulative relative frequency curve for the grouped data. 2.34 The following table lists recoverable reserves of 60 wells on a prospect: 12.65 115.00 63.25 23.00 29.90 36.80 133.40 171.35 55.20 138.00 14.95 126.50 88.55 46.00 57.50 185.15 58.65 47.15 127.65 94.30 50.60 139.15 173.65 85.10 220.80 109.25 159.85 230.00 94.30 135.70 127.65 174.80 126.50 180.55 331.20 44.85 280.34 95.45 55.20 161.04 109.35 112.72 48.34 58.67 79.43 27.62 25.31 146.12 65.57 33.37 36.83 36.82 265.65 72.47 96.48 241.65 70.15 247.25 98.96 19.55 a. Using the equation 1 +3.322logN, classify the data in equal class intervals. b. What is the frequency of reserves in each interval? c. Generate the cumulative frequency distribution d. Generate the cumulative relative frequency and the decumulative relative frequency distribution. e. Plot the frequency distribution as a histogram and the cumulative relative frequency as an ogive. f. Using the information obtained above; what is the (a) probability of reserves greater than 48,000 Stk. (b) probability of reserves less than 100,000 Sth, and (c) probability of reserves between 160,000 Stb and 43,000 Stb. 2.35 Using the ungrouped data of Problem 2.34, calculate the following. a. Mean, mode, and median. b. Standard deviation, variance, and coefficient of variation. c. Geometric, harmonic, and quadratic mean 2.36 Group the data of Problem 2.34 and calculate the following from the grouped data. a. Mean, median, and mode b. Standard deviation, variance, and co-efficient of variation c. Geometric and harmonic mean d. Draw histogram and cumulative relative frequency curve for the grouped data.
Expert Answer:
Answer rating: 100% (QA)
a To classify the data in equal class intervals using the equation 13322logN we first need to find the number of classes Using Sturges formula we get k 1 3322 log60 75 Round up to 8 classes The equati... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The following table lists the history of 940 orders for features in an entry-level computer product. Extra memory No Yes Optional high- no 514 68 Speed processor yes 112 246 Let A be the event that...
-
The following table lists 10 costs commonly incurred by manufacturing firms. Cost # Description of Cost 1 Cost of raw materials used 2 Electricity used to operate machines 3 Cost of packing materials...
-
The following table lists the earnings per event that were referred to in Exercise 2.89. Although the table lists earnings per event, players are listed in order of their total earnings, not their...
-
A medical research study on a new medicine for multiple sclerosis is being conducted with 24 patients. After the study was concluded, it was determined that 16 patients reacted favorably to the...
-
Define a campaign plan, and list the typical components
-
Icebreaker Company (a U.S.-based company) sells parts to a foreign customer on December 1, 2020, with payment of 16,000 dinars to be received on March 1, 2021. Icebreaker enters into a forward...
-
A certain underlying state graph is a tree where each node has three successor nodes, indexed \(a,b, c\). There are two assets defined on this tree which pay no dividends except at the terminal time...
-
Use the Access_Practice.accdb database to complete the following tasks in Access. a. The database contains three tables containing information about this companys sales process: Inventory, Sales, and...
-
Carbata Company manufactures low-cost, basic tool kits in bulk. Below is the latest information for last month's production. Inventory on September 1 96 Complete Units Started Costs Added in...
-
You are a new employee at an IT help desk. The organization that you work for has computers that are due for an operating system (OS) upgrade. Your supervisor has provided you with components of the...
-
Reviewing your corporation's statement of cash flows: what do you learn about your SEC 10-K company as you view the four financial statements together? Use course resources to explain the purpose of...
-
Carson Corporation has a basis of $10 million in the stock of its 100-percent-owned subsidiary, Griffen Corporation. Both Carson and Griffen have been actively conducting business for more than five...
-
Orange Computer Inc. grants Steve Werks 10,000 incentive stock options (ISOs) on January 1, Year 1 (the "grant" date). On this date, the stock's fair market value is $100 per share and each ISO...
-
During the period Years 1 through 3, Martha made direct contributions to her Roth IRA totaling $10,000. By the end of Year 7, the IRA balance, including earnings, had grown to $30,000. At the...
-
Jasper Fern, age 62, works full time and maintains two traditional IRA accounts. On March 23 of the current year, he withdraws $6,500 from one of his IRA accounts. The account is funded only with...
-
Green Corporation purchased 100 percent of the outstanding stock of White Corporation during 2017. During 2019, Green Corporation distributes all of its White Corporation stock to Green shareholders....
-
For twenty years, Ozzie works for Players Paradise, a destination for vacationers from across the United States, maintaining golf carts. After a steady stream of positive job evaluations and merit...
-
Why do markets typically lead to an efficient outcome for buyers and sellers?
-
The National Highway Traffic Safety Administration conducted crash tests of child booster seats for cars. Listed below are results from those tests, with the measurements given in HIC (standard head...
-
After finding the sample mean and sample range for each of the 25 days, find the values of x and R. Also find the values of LCL and UCL for an R chart, then find the values of LCL and UCL for an x...
-
Example 2 referred to an Ohio elevator with a maximum capacity of 2500 lb. When rating elevators, it is common to use a 25% safety factor, so the elevator should actually be able to carry a load that...
-
By using the yield to maturity on AT&Ts debt, we found that its pretax cost of debt is 3.65%. If AT&Ts tax rate is 25%, what is its effective cost of debt?
-
You work in Walt Disney Companys corporate finance and treasury department and have been assigned to the team estimating Disneys WACC. You must estimate this WACC in preparation for a team meeting...
-
You are working for Microsoft evaluating the possibility of selling energy drinks. Microsofts WACC is 8.1%. Energy drinks would be a new line of business for Microsoft, however, so the systematic...
Study smarter with the SolutionInn App