Discussion

Explanation:

Consider option 1:

Profitability of Far East operations in 1998 = $\frac{10}{63}$ = 0.158

Profitability of Far East operations in 1999 = $\frac{58}{204}$ = 0.284

Profitability of Far East operations in 2000 = $\frac{189}{311}$ = 0.607

The profitability is highest for the year 2000.

∴ Option 1 is false.

Consider option 2:

Profitability of Northern Sea operations in 1998 = $\frac{24}{52}$ = 0.462

Profitability of Northern Sea operations in 1998 = $\frac{54}{65}$ = 0.831

Profitability is increased from 1998 to 1999.

∴ Option 2 is true.

Consider option 3

Profitability of Argentina operations in 1998 = $\frac{61}{187}$ = 0.326

Profitability of Northern Sea operations in 1998 = $\frac{500}{1168}$ = 0.428

Profitability has increased from 1998 to 1999.

∴ Option 3 is false.

Hence, option (b).

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