In 1956, M. King Hubbert proposed a model to analyze crude oil production.t His model, with updated data, gives world crude oil production as 254.43e -0.042r P=. (1 + 2.12e-0.0425,2" Here Pis measured in billions of barrels per year, and t is time, in years, since 2000. (a) Make a graph of world crude oil production for 2000 through 2040. P 35 35 30 30 25 25 20 20 15 19 10 10 10 20 30 40 10 20 30 40 35 30 35 30 25 25 20 20 15 15 10 10 5 10 20 30 40 10 20 30 40 (b) In what year does this model predict a peak in world crude oil production? (Round your answer to the nearest whole number.) (c) What is the maximum crude oil production predicted by this model? (Round your answer to the nearest whole number.) billion barrels per year

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.