An Oil Company has 18 oil wells. The output of these wells has been recorded in...

 

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An Oil Company has 18 oil wells. The output of these wells has been recorded in terms of the number of barrels pumped per day, as follows; 80 25 10 23 70 19 30 40 25 34 34 45 70 50 20 12 70 50 67 a) Calculate the mean, median, mode, minimum, maximum, range, standard deviation and variance, 2nd and 3rd Quartile b) Find the modal production c) If the company will cease oil production in those oil wells that are below the 45th percentile, determine the average daily production of the oil wells that will be closed down. An Oil Company has 18 oil wells. The output of these wells has been recorded in terms of the number of barrels pumped per day, as follows; 80 25 10 23 70 19 30 40 25 34 34 45 70 50 20 12 70 50 67 a) Calculate the mean, median, mode, minimum, maximum, range, standard deviation and variance, 2nd and 3rd Quartile b) Find the modal production c) If the company will cease oil production in those oil wells that are below the 45th percentile, determine the average daily production of the oil wells that will be closed down.

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a To calculate the mean median mode minimum maximum range standard deviation variance 2nd quartile a... View the full answer