question archive Suppose the following table represents world oil production in millions of barrels a day for a recent period of time
Suppose the following table represents world oil production in millions of barrels a day for a recent period of time
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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.
Region Oil_Production_(millions_of_barrels_a_day)
Iran 9.08
Saudi Arabia 10.46
Other OPEC countries 16.27
Non-OPEC countries 37.65
a. Compute the percentage of values in each category.
?(Round to two decimal places as? needed.)
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First we find the total of 9.08 + 10.46 + 16.27 + 37.65 = 73.46
Then the percentage for each category is just the value divided by the total, giving
Iran = 0.1236 or 12.36%
Saudi Arabia = 14.24%
oOpec = 22.15%
non-Opec = 51.25%
