Use the Information for the Question(s)below

question 77

Multiple Choice

Use the information for the question(s) below. As an oil refiner,you are able to produce $76 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil.Because of its lower sulfur content,you can produce $77 worth of unleaded gasoline from one barrel of West Texas Intermediate (WTI) crude.
-Assuming you currently have 10,000 Bbls of WTI crude,the added benefits to you if you were to sell the 10,000 Bbls of WTI crude and use the proceeds to purchase and refine ANS crude is closest to:

• A)$730,600.
• B)$770,000.
• C)$40,800.
• D)$43,308.

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Definitions:

Policies

Guidelines or rules established by organizations to govern their operations, behaviors, and decisions.

Dependent Variable

In statistical modeling and experiments, it is the variable being tested and measured, usually thought to depend on one or more independent variables.

Target Variable

In data analysis and modeling, the specific outcome or response that the model is designed to predict.

Causal Variable

A variable that is presumed to cause or determine the outcome of interest in a research study.