Question: The data below indicate the projected daily oil output levels (in thousands of barrels per day) for the 10 OPEC countries during the next six

The data below indicate the projected daily oil output levels (in thousands of barrels per day) for the 10 OPEC countries during the next six months:

Algeria……………………….           1200

Indonesia…………………….            995

Iran…………………………..            3750

Kuwait ……………………….           2100

Libya…………………………     1425

Nigeria……………………….           2200

Qatar…………………………            700

Saudi Arabia…………………           8550

UAE…………………………            2240

Venezuela……………………           2600

a. Determine the median level of oil output.

b. Determine the 20th percentile level of oil output.

c. Determine the 75th percentile level of oil output.

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The ordered list is 1 2 3 4 5 6 7 8 9 10 700 995 1200 1425 2100 2200 2240 2600 3750 8550 a Calcula... View full answer

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