Question

A
geological study indicates that an explatory oil well should strike
oil with probability 0.2.

i) find the probability that the 3rd strike comes on the 9th
well drilled

ii) find the mean of the number of wells that must be drilled
if the company wants to setup the third producing wells.

Answer #1

An oil Company conducts a geological
study that indicates that exploratory oil well should have a 20%
chance of striking oil.
What is the probability that the first strike comes on the
third well drilled?
What is the probability that the third strike comes on the
seventh well drilled?
What is the mean and variance of the number of wells that must
be drilled if the oil company wants to set up three producing
wells?

An oil company conducts a study that indicates that an
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test done.
(ii) Also find the probability that an attempt was unsuccessful
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Career Customization for Everyone: Deloitte’s Career/Life
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“ ‘Deloitte’ is the brand under which tens of thousands of
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Texas is home to more than one million undocumented immigrants,
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Analysis: This section should include the issue register as a
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