Mathematics, 21.11.2019 01:31 jacamron
An oil wildcatter owns the drilling rights at two widely separated locations. after consulting a geologist, he feels that at each location the probability of discovering oil if a well is drilled is 10%. a well costs $100,000 to drill, and this is a total loss if no oil is found. on the other hand, if oil is discovered, the oil can be sold for $1,700,000. the wildcatter has $100,000 available for drilling expenses. find the mean and standard deviation of the wildcatter's net profit, (a) if the $100,000 is used to drl a single well, (b) if the wildcatter finds a partner to share costs and profits with equally (each will receive of the final profit, positive or negative) and their pooled funds are used to drill wells in both locations. (advice: work in units of $100,000 to simplify your calculations.)
Answers: 3
Mathematics, 21.06.2019 15:10
5.(04.07) two different plants grow each year at different rates, which are represented by the functions f(x) = 4* and g(x) = 5x + 2. what is the first year the f(x) height is greater than the g(x) height? year 3 year 0 year 2 year 1
Answers: 1
Mathematics, 21.06.2019 16:50
Rockwell hardness of pins of a certain type is known to have a mean value of 50 and a standard deviation of 1.1. (round your answers to four decimal places.) (a) if the distribution is normal, what is the probability that the sample mean hardness for a random sample of 8 pins is at least 51?
Answers: 3
Mathematics, 21.06.2019 19:30
Celeste wants to have her hair cut and permed and also go to lunch. she knows she will need $50. the perm cost twice as much as her haircut and she needs $5 for lunch. how much does the perm cost?
Answers: 1
Mathematics, 21.06.2019 22:30
What is the distance between a and b? round your answer to the nearest tenth. a coordinate plane is shown. point a is located at negative 1, 5, and point b is located at 4, 1. a line segment connects the two points.
Answers: 1
An oil wildcatter owns the drilling rights at two widely separated locations. after consulting a geo...
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