Questi The GOFERIROKE COMPANY was atrast of land that may contai. A conting gcologist has reported to manage the believe

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Questi The Goferiroke Company Was Atrast Of Land That May Contai A Conting Gcologist Has Reported To Manage The Believe 1 (38.38 KiB) Viewed 84 times

Questi The GOFERIROKE COMPANY was atrast of land that may contai. A conting gcologist has reported to manage the believes there is chances is 10ofil Beace of this papest, whereil company has alto pade the land for $127.300 However, Geferbeuke las considering holding the land in order to deals for all well. The conted drilling is 1574. If oil is found the resulting speed revenue will be 45.40, the company's expected prodit father deact the cost of drilling will be $712.880. Ak of $152.0 editing cost will be discurred in the land lady to al Telecommute these However, before deciding where a well, de company wants to become a detailed comic survey of the land to obtain a beter estimate of the probability of finding oil. The murvey Arvobite wings that intime whether the geological structure is favorables the fil. We wil vide the finding of the survey into the following te wees USS Unibet ing is fairly like PSS Prable scantic sounding oil is a likely Based on post experience. If there is the leadiny ofblecimiening PLUSS State-O-O, PUSSS) - Similarly, if there is a lot the the state of nature in Day) then the probability of nemesisk sundings is estimate MUSS State-Dy)-0, MUSS State-Dry-02 By the end >> Calculate the poster probabilities (State - Finding-US)State-Dry Findia-US the founding of the survey unfavebelum ning (USSA, by using Bayelem. (en) Cakeste e posterior potabilities Skolinting - FSS) Pre-Dey Finding - FSS, if the ti arvey gives forblemini (FS) by wung Hayes' thomlop) Dw the probability tre dagrim So the full peolem by showing all the probabilities leading to be calculation of each posterior peability of the state of the given the finding of the week (20 4 Calculate the expected pared and determine the optimal action of finding in Uss. 12 P Calculate the expected payoff and determine the optimal action i foding is 78.02 Calculate the speed value of perfect information (EVT. According to the determine it to proceed with the semicurvey worthwhile. 16p Calculate the expected value of experie (EVE). According to the test, determine ifto ped with the surveys while (30)

Questi The GOFERIROKE COMPANY was atrast of land that may contai. A conting gcologist has reported to manage the believes there is chances is 10ofil Beace of this papest, whereil company has alto pade the land for $127.300 However, Geferbeuke las considering holding the land in order to deals for all well. The conted drilling is 1574. If oil is found the resulting speed revenue will be 45.40, the company's expected prodit father deact the cost of drilling will be $712.880. Ak of $152.0 editing cost will be discurred in the land lady to al Telecommute these However, before deciding where a well, de company wants to become a detailed comic survey of the land to obtain a beter estimate of the probability of finding oil. The murvey Arvobite wings that intime whether the geological structure is favorables the fil. We wil vide the finding of the survey into the following te wees USS Unibet ing is fairly like PSS Prable scantic sounding oil is a likely Based on post experience. If there is the leadiny ofblecimiening PLUSS State-O-O, PUSSS) - Similarly, if there is a lot the the state of nature in Day) then the probability of nemesisk sundings is estimate MUSS State-Dy)-0, MUSS State-Dry-02 By the end >> Calculate the poster probabilities (State - Finding-US)State-Dry Findia-US the founding of the survey unfavebelum ning (USSA, by using Bayelem. (en) Cakeste e posterior potabilities Skolinting - FSS) Pre-Dey Finding - FSS, if the ti arvey gives forblemini (FS) by wung Hayes' thomlop) Dw the probability tre dagrim So the full peolem by showing all the probabilities leading to be calculation of each posterior peability of the state of the given the finding of the week (20 4 Calculate the expected pared and determine the optimal action of finding in Uss. 12 P Calculate the expected payoff and determine the optimal action i foding is 78.02 Calculate the speed value of perfect information (EVT. According to the determine it to proceed with the semicurvey worthwhile. 16p Calculate the expected value of experie (EVE). According to the test, determine ifto ped with the surveys while (30)