In Comparison to Light Crude Oil, Which of the Following

question 1

Multiple Choice

In comparison to light crude oil, which of the following statements is NOT true with respect to heavy crude oil?

• A) oil companies prefer heavy crude oil because it is more profitable.
• B) heavy crude oil is more difficult to extract.
• C) refining heavy crude oil is more expensive.
• D) heavy crude oil is more viscous.
• E) most of the remaining oil reserves consist of heavier crudes.

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Definitions:

Normal Population

A population with a distribution that follows a normal curve or Gaussian distribution, characterized by being symmetrical and bell-shaped.

Standard Deviation

A statistical metric that quantifies the amount of variation or dispersion of a dataset relative to its mean.

Mean Age

The average age of all individuals in a particular group or population, calculated by summing their ages and dividing by the number of individuals.

Finite Population Correction Factor

A statistical adjustment applied when sampling without replacement from a finite population to improve the accuracy of estimations and reduce sampling error.