Relationship Between Oil Production and Gas Production - Statistics Assignment Help

Statistics Assignment Task

Based on the specific research problems some relevant questions need to be fixed by a researcher in order to make the whole process of data analysis directed towards a specific goal (Little & Rubin, 2019). These questions provide a brief discussion about what exactly the analysis is trying to evaluate and what is the process to be followed in this regard. As this present work is a statistical data analysis based on numerical data sets some statistical hypotheses will be helpful in making relevant questions for this work. 

Alternative hypothesis 1- There is a relationship between oil production and gas production  within different organizations in the Northern territory government area. 

Alternative hypothesis 2- There is a relationship among financial year and calendar years on the basis of gas and oil production measures in Northern territory government. 

These questions will help to evaluate the proper relationship between gas production and oil production in this area. Oil and gas both are used as fuels and have higher amount of demand among consumers. This work will try to investigate how these productions have increased among different years with comparison to increasing demands among customers. Formulated hypotheses helps to find out main extract of the data analysis process and provides a proper guideline to the work (Mannering, Shankar & Bhat, 2016). Information gathered from monthly reports of petroleum production from operators like Dingo, Mereenie, Palm valley and Surprise 

Fields has been included in this present data set. Outcomes of this present analysis will provide a proper view to these companies about existing trends in this industry. They will have a base line while planning future planning of their organizations.

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