--%>

OIL

I need to product when oil will finish time (by years) for 6 countries if the keep their production (per day) in the same level. So, the 6 countries have fixed reserves and production 1. statistics for Bahrain Crude oil reserves (million barrels) = 124.6 be careful in million Crude oil production (per day)=49,160 2. statistics for Kuwait Crude oil reserves (billion barrels) =104 be careful in billion Crude oil production (per day) =2,797,000 3. statistics for Oman Crude oil reserves (billion barrels) =5.5 be careful in billion Crude oil production (per day) =923,800 4. statistics for Qatar Crude oil reserves (billion barrels) =25.38 be careful in billion Crude oil production (per day) =1,579,000 5. statistics for Saudi Arabia Crude oil reserves (billion barrels) =267.9 be careful in billion Crude oil production (per day) =11,730,000 6. statistics for UAE Crude oil reserves (billion barrels) =97.8 be careful in billion Crude oil production (per day) =3,213,000 Find how many years for oil to finish and plot them? Thanks

   Related Questions in Basic Statistics

  • Q : Building Models Building Models • What

    Building Models • What do we need to know to build a model?– For model checking we need to specify behavior • Consider a simple vending machine – A custome rinserts coins, selects a beverage and receives a can of soda &bul

  • Q : Quantities in a queuing system

    Quantities in a queuing system: A: Count of

  • Q : Define Operational Analysis

    Operational Analysis: • Analysis method based on the measurement of the operational characteristics of the system.

    Q : Explain Service times Service times: A)

    Service times:A) In most cases, servicing a request takes a “short” time, but in a few occasions requests take much longer.B) The probability of completing a service request by time t, is independent of how much tim

  • Q : FIN512 Entrepreneurial Finance Chapter

      Chapter 6: Discussion Question: #4 p. 223  It is usually easier to forecast sales for a seasoned firm contrast to an early-stage venture because an early-stage venture has limited access to bank credit lines, sho

  • Q : Creating Grouped Frequency Distribution

    Creating Grouped Frequency Distribution: A) At first we have to determine the biggest and smallest values. B) Then we have to Calculate the Range = Maximum - Minimum C) Choose the number of classes wished for. This is generally between 5 to 20. D) Find out the class width by dividing the range b

  • Q : Principles of data analysis For the

    For the data analysis project, you will address some questions that interest you with the statistical methodology we are learning in class. You choose the questions; you decide how to collect data; you do the analyses. The questions can address almost any topic,

  • Q : STATISTICS Question This week you will

    This week you will analyze if women drink more sodas than men.  For the purposes of this Question, assume that in the past there has been no difference.  However, you have seen lots of women drinking sodas the past few months.  You will perform a hypothesis test to determine if women now drink more

  • Q : Probability how can i calculate

    how can i calculate cumulative probabilities of survival

  • Q : Cumulative Frequency and Relative

    Explain differences between Cumulative Frequency and Relative Frequency?