ACKNOWLEGEMENT

I have taken efforts in this project. However, it would not have been possible

without the kind support and help of our instructor Mr.Syed Anwer Husnain. I

would like to extend our sincere thanks to him, because this project has Broaden

our view in Statistical tools.

I am highly indebted to Two Petroleum companies for their guidance and as well as for providing necessary information regarding the project.

I would like to express my gratitude towards my parents for their kind co-operation and encouragement which help us in completion of this project.

We would also like to thank

Al-Shakoor Petroleum Ans Mehar Group of Petroleum.

Al-Shakoor petroleum History

History:-

The founder of Al-Shakoor petroleum is Mr. Abdul Shakoor. It was started in August 2005. It deals with Caltex petrol and diesel. It is located at Air Port road Sialkot. Caltex began in 1936 as the California Texas Oil Company, a joint venture between The Texas Company (later named Texaco) and Standard Oil of California (later named Chevron). It was renamed Caltex Petroleum Corporation in 1968. The two parent companies merged in 2001 to form ChevronTexaco (renamed Chevron in 2005) and Caltex remains one of its major international brand names. The two parent companies merged in 2001 to form ChevronTexaco and Caltex remains one of its major international brand names.

Company Address:

It is located at Air Port road Sialkot.

Mehar Group Of Petroleum

History:

The founder of Mehar group of petroleum is Haji Lal Din. It was started in 1936. Mehar Group is one of the leading group of Pakistan at the line of Petroleum and CNG industry. Product line includes CNG Equipments, CNG Machinery, CNG Kits, CNG Cylinders and CNG, fuel and lubricants. Product lines that include CNG Equipments, Machinery, Kits & Cylinders are imported from Italy, United Kingdom, United State of America, Argentina, Brazil, U.A.E and India. Products are sold through its outlet, CNG filling stations and CNG Marketing Agents/Consignment Agreement through out in Pakistan. Mehar group is in petroleum business for more than 5 decades and is one of the pioneers of CNG industry in Pakistan and now by the grace of God, is the largest CNG provider in Pakistan. Our retail outlets are being recognized the symbol of trust by our valued clients.

Company Address:-

It is located at G.T Road Gujranwala

Al-Shakoor petroleum

Sr. No. Month Sales (LTR)

1 2007 Nov 1022602 Dec 634003 2008 Jan 458204 Feb 511905 March 662006 April 642607 May 1347208 June 836409 July 11121010 Aug 3718011 Sep 4923012 Out 4940013 Nov 4540014 Dec 4630015 2009 Jan 3741016 Feb 4092017 March 5215018 April 7385519 May 8135020 June 14266521 July 15664022 Aug 7801023 Sep 7471024 Oct 9791025 Nov 12234026 Dec 9753027 2010 Jan 7130028 Feb 5215529 March 10442030 April 89065

Al-Shakoor petroleum company office is in Sialkot, Pakistan. The overall monthly sales of company at Pakistan are 71300. I want to check that the sales of the Company at Pakistan are not 71300. I have collected the data of 30 months from November 2007 to April 2010. The sales of Al-Shakoor petroleum are mentioned in the above table.

71300

n= 30

Mean of sales of Al-Shakoor Petroleum:-

77421.33

Standard deviation of sale of Al-Shakoor Petroleum:-

10335.48

Testing of Hypothesis:-

I will test the hypothesis that the average monthly sales of Al-Shakoor Petroleum are not 71300.

1. Null and Alternative Hypothesis:-

71300

71300 (two tailed test)

2. Level of Significance:-

Level of significance = 5 %

0.05

3. Test statistics:-

4. Calculation:-

3.24

5. Critical rejoin:-

d.f =n-1=29

= 2(.00005)

P-Value = 0.00001

6. Result:-

Since our p-value= 0.00001 falls in rejection region so we reject and accept . Finally we conclude that the average mothly sale of Al-Shakoor Petroleum are not 71300.

Margin of Error:-

47.15

Confidence Interval:-

95% confidence interval for population mean.

77374.18 to 77468.48

Thus the sale of Al-Shakoor Petroleum is between the 77374.18 to 77468.48

Point Estimation:-

77421.33

The sale of average Al-Shakoor Petroleum.

Mehar Group Of Petroleum

Sr. no Months Sales(LTR)

1 2007, Nov 612302 Dec 749503 2008, Jan 654654 Feb 581405 March 867556 April 811907 May 987508 June 1414309 July 16655510 Aug 8813011 Sep 13576012 Oct 9930013 Nov 16044014 Dec 79301015 2009, Jan 6648516 Feb 7391017 March 9815018 April 10157019 May 14373020 June 16827021 July 19271522 Aug 10174523 Sep 9631024 Oct 11174525 Nov 16703026 Dec 12280027 2010, Jan 9879028 Feb 8662529 March 14196030 April 113590

Mehar group of petroleum located on G.T Road Gujranwala, Pakistan. The overall monthly sales of company at Pakistan are 66,500. I want to check that the sales of the Company at Pakistan are different from 66,500. I have collected the data of 30 months from November 2007 to April 2010. The sales of Mehar group of petroleum are mentioned in the above table.

66,500

n= 30

Mean of sales of Mehar group of petroleum:-

133217.67

Standard deviation of sale of Mehar group of Petroleum:-

129755.5

Testing of Hypothesis

I will test the hypothesis that the average monthly sales of Mehar group of Petroleum are 66500.

1. Null and Alternative Hypothesis

(Two tailed test)

2. Level of Significance

Level of significance = 5 %

3. Test statistics:-

4. Calculation:-

2.82

5.

Critical Region

d.f

=n-1=29

= (2)0.0005

P-Value= 0.0001

6. Result

Since our P-Vale= 0.0001 falls in rejection region so we reject and accept . Finally we conclude that the average mothly sale of Mehar Group of Petroleum are not 66500.

Margin of Error:-

592

Confidence Interval:-

95% confidence interval for population mean.

132625.67 to 133809.67

Thus the sale of Al-Shakoor Petroleum is between the 132625.67 to 133809.67

Point Estimation:-

133217.67

Testing of Population (Comparison)

30 30

10335.48 129755.5

106822146.8304 16836489780.25

1. Null and Alternative hypothesis

(Two tailed test)

2. Level of Significance

Level of Significance = 5%

3. Test Statistics

4. Calculation

8950386998

T-Test

2.28

5. Critical region:-

d.f=

= 30+30-2=58

P-Value= 0.0175

6. Result:-

Since our P-value= 0.0175 falls in rejection region so we reject and accept . Finally we conclude that there is a difference between the sale of Al-Shakoor Petroleum and Mehar Group of Petroleum.

Point Estimation:-

77421.33-133217.67

= -55796.34

Margin of Error:-

ME=

ME=

Confidence Interval:-

.95

0.05

0.025

t α2= .025(n1+n2-2)

= .025(58)

= 2.002

-104821.9 to -6770.8