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Q1. An oil company conducts a geological study that indicates that an exploratory oil well should have a 10% chance of s
Posted: Fri Nov 26, 2021 8:39 am
by answerhappygod
- Q1 An Oil Company Conducts A Geological Study That Indicates That An Exploratory Oil Well Should Have A 10 Chance Of S 1 (56.47 KiB) Viewed 95 times
Q1. An oil
company conducts a geological study that indicates that an exploratory oil well should have a 10% chance of striking oil. (HWhat is the probability that the second strike comes on more than the third well drilled? What is the standard deviation of this distribution? (b) What is the probability that the first strike comes on at least second well drilled? What is the variance of this distribution? (c) What are the main similarities and dissimilarities of Binomial and Poisson distribution?