Question: Please answer question Suppose the following table represents world oil production in millions of barrels a day for a recent period of time. Complete parts

Please answer 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. Oil Production (millions of Region barrels a day) Iran 5.13 Saudi Arabia 6.54 Other OPEC countries 27.83 Non-OPEC countries 38.68 a. Compute the percentage of values in each category. Oil Production (millions of Region barrels a day Percentage Iran 5.13 1% Saudi Arabia 6.54 Other OPEC countries 27.83 1% Non-OPEC countries 38.68 (Round to two decimal places as needed.) b. What conclusions can you reach concerning the production of oil in the specified time period? Oil production by non-OPEC countries accounted for of total oil production. Oil production by OPEC countries other than Iran and Saudi Arabia accounted for of total oil production

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