An oil exploration firm is to drill 10 wells, each in different locations. Each well has a probability of 0.1 of producing oil. It will cost the firm $60,000 to drill each well. A successful well will bring in $1 million, taking into account the cost of drilling.

1. What is the probability that the firm will lose money on the ten wells?

2. What is the probability that the firm will gain $1.5 or more from the ten wells?

Answers

Answer 1

The probability the firm will lose money from 10 wells is 0.99 and the probability the firm will gain 1.5 million from the ten wells is  1 minus the CDF of 4 successful wells.

What is the probability the firm will lose or gain money

1.

The expected profit from each well is $1 million - $60,000 = $940,000. The expected profit from all ten wells is $940,000 * 10 = $9,400,000. The probability of losing money on all ten wells is 1 - (0.1)^10 = 0.99

2.

To calculate the probability of gaining $1.5 million or more, we can use the cumulative distribution function (CDF) of the binomial distribution, which models the number of successful wells out of ten. The CDF gives the probability of getting a certain number of successful wells or fewer. To get the probability of getting more than a certain number of successful wells, we subtract the CDF of that number from 1. To get the probability of getting 2 or more successful wells, we subtract the CDF of 1 from 1, and so on. To get the probability of getting 5 or more successful wells, we subtract the CDF of 4 from 1, and so on. To get the probability of getting $1.5 million or more, we need to find the probability of getting 5 or more successful wells, since 5 wells at $1 million each give $5 million. The CDF of 4 successful wells can be found using statistical software or by using tables or approximations. The final answer is 1 minus the CDF of 4 successful wells.

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Related Questions

Create your own quadratic function ,f(x), and then evaluate the function at f(x-3). Find the domain of your function.

Answers

Domain of the function is all real numbers

What is a function?

A relation is a function if it has only One y-value for each x-value.

Let us consider a function f(x)= x² + 2x - 3

Now let us find the value of f(x-3)

Plug in the value x as x-3

f(x-3)= (x-3)² + 2(x-3) - 3

= x² +9-6x+ 2x-6 - 3

= x² -4x

The domain of this function is all real numbers. This means that any real value can be plugged into the function and produce a real output.

Hence, domain of this function is all real numbers

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Resolva as expressões a seguir e registre os resultados na forma fracionária e na forma decimal

Answers

U do 247+2=24r because of the formula

3x - 4y= 22
-3x + 2y = -2
X =
y =

Answers

answer

y = -10

x = 10

eplanation

If the purchase price for a house is $210,600, what is the monthly payment if you put 20% down for a 30-year loan with a fixed rate of 5%?

Answers

The monthly payment  for a 30-year loan with a fixed rate of 5% is $702.

How is the monthly payment for a 30-year loan determined?

Divide the number of payments you make annually by 30, the length of the loan. For instance, 30 x 12 equals 360. Over the course of the loan, you will make 360 payments.

The following equation is used to determine the down payment: down payment = down payment percentage times purchase price. For the sake of this calculation, the down payment percentage must be converted to a decimal.

Purchase price for a house is $210,600

Down payment is 20%.

remaining payment  80% of total price = $210,600*80/100= $168480.

$168480 payment for a 30-year loan with a fixed rate of 5%

then interest will be

interest = 168480 *5*30/100=  $84240

total amount to be paid 30 yr=  168480+ 84240= $252720

amount to be paid per month= $252720/(30*12) = $702.

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Does each relation represent a function
(1,3), (2,5), (2,7), (4,9)
(1,3), (2,5), (3,7), (4,9)
(1,3), (1,5), (1,7), (1,9)
(1,3), (2,3), (3.3), (4.3)

Answers

the first one yes

the 2nd one yes  

the 3rd one no 4th also no

Step-by-step explanation:

What is the difference between the area of Figure A and the
area of Figure B? Each grid square represents 1 square foot

Answers

The difference between the area of Figure A and the areas of Figure B is 2 ft².

What is the difference between the area of the two figures, Figure A and  Figure B?

The difference between the area of the two figures, Figure A and  Figure B is determined by finding the area of the two figures.

The area of Figure A is found as follows:

The triangle on the right of figure A is cut out and moved to the left in order to form a rectangle.The area of figure A is then calculated.

The area of A = 3 × 4

The area of A = 12 ft²

The area of B = ½ × 4 × 3 + ½ × 4 × 2

The area of B = 10 ft²

Difference between the area of A and B = 12 - 10 ft²

Difference between the area of A and B = 2 ft²

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a
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Get a similar question You can retry this question below
You want to buy a $237,000 home. You plan to pay 20% as a down payment, and take out a 30 year
loan for the rest.
a) How much is the loan amount going to be?
b) What will your monthly payments be if the interest rate is 6%?
c) What will your monthly payments be if the interest rate is 7%?
Enter an integer or decimal number [more]
Question Help: Video
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Answers

The values will be Loan amount=$186900, When simple interest is 6% then monthly payment=$1453.66 per month, When simple interest is 7% monthly payment=$1609.4 per month

What is simple interest?

Simple Interest is an easy method of calculating the interest for a loan/principal amount. Simple interest is a concept that is used in many sectors such as banking, finance, automobile, and so on. When you make a payment for a loan, first it goes to the monthly interest and the remaining goes towards the principal amount.

Simple interest formula is given as:

SI=P*R*T/100

Where SI = simple interest

P = principal

R = interest rate (in percentage)

T = time duration (in years)

In order to calculate the total amount, the following formula is used:

Amount (A) = Principal (P) + Simple Interest (SI)

Now,

Initial amount=$237000

Down-payment=20%=20/100*237000=$47400

Amount left=237000-47400=$186900

So, Loan amount=$186900

For interest rate=6%

Total amount=186900+186900*6*30/100

=186900+336420

Total amount=$523320

Therefore, monthly payment=523320/360

monthly payment=$1453.66 per month

For interest rate=7%

Total amount=186900+186900*7*30/100

=186900+392490

Total amount=$579390

Therefore, monthly payment=579390/360

monthly payment=$1609.4 per month

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Rewrite in simplest terms: 0.8 ( − 5 � − 0.8 ) − 0.3 ( 0.5 � − 1 ) 0.8(−5w−0.8)−0.3(0.5w−1)

Answers

The expression 0.8(−5w − 0.8) − 0.3(0.5w − 1) in the simplified form will be −4.15w + 0.36.

What is Algebra?

Algebra is the study of abstract symbols, while logic is the manipulation of all those ideas.

The acronym PEMDAS stands for Parenthesis, Exponent, Multiplication, Division, Addition, and Subtraction. This approach is used to answer the problem correctly and completely.

The expression is given below.

⇒ 0.8(−5w − 0.8) − 0.3(0.5w − 1)

Simplify the equation, then we have

⇒ 0.8(−5w − 0.8) − 0.3(0.5w − 1)

⇒ −4w − 0.64 − 0.15w + 0.30

⇒ −4.15w + 0.36

The expression 0.8(−5w − 0.8) − 0.3(0.5w − 1) in the simplified form will be −4.15w + 0.36.

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Given the following table of values for f(x), find f(7)

Answers

f(7) = 2,

graph tells you, when x = 7, f(x) = 2

Mr.Ramirez 24 cookies. 3 fourths were oatmeal. How many oatmeal cookies did Mr.Ramirez bake

Answers

The amount of oatmeal cookies with Mr. Ramirez is 18

How to find the amount to oatmeal cookies

The problem is dealing with multiplication of fractions

An element of a whole is a fraction. The number is represented mathematically as a quotient, where the numerator and denominator are split.

In the problem saying that 3 fourths were oatmeal means that 3/4 of the cookies where oatmeal hence

number of cookies = 3/4 * 24

number of cookies = 18

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A dinner was held to raise money for a children's museum. A ticket for one person cost $200 and a ticket for a couple (two people) cost $350. A total of 130 people attended the dinner, and the ticket sales total was $24,000. What is the total number of tickets that were sold?

Answers

Using simultaneous equations, during the dinner to raise money for a children's museum, 90 tickets were sold.

What are simultaneous equations?

Simultaneous equations are two or more equations solved concurrently or at the same time.

Simultaneous equations are also called a system of equations.

The cost of one-person ticket = $200

The cost of two-people ticket = $350

The total number of attendees at the dinner = 130

The total ticket sales = $24,000

Let number of one-person ticket = x

Let number of two-people ticket = 2y

Equations:

x + 2y = 130... Equation 1

200x + 250y = 24000... Equation 2

Multiply Equation 1 by 200:

200x + 400y = 26000... Equation 3

Subtract Equation 2 from Equation 3:

200x + 400y = 26000

-

200x + 350y = 24000

50y = 2000

y = 40

x = 130 - 2y

=  130 - 80

= 50

Thus, the number of tickets sold at the dinner was 90.

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ed buys a vase for £24 and adds 25% onto the price before putting it into his shop window
What price does the price-tag say in the window

Answers

Since 6 is 25% of 24, the answer would be £30

Solve for x. 8x-8+3(2x+2) = -4(x+3)

Answers

Answer:

x = - 5/9

Step-by-step explanatiion:

8x-8+3(2x+2) = -4(x+3) is the original equation

Consider each term and simplify

3(2x+2) = 6x + 6

-4(x + 3) = -4x - 12

Therefore the original expression becomes:
8x - 8 + 6x + 6 = -4x - 12

Move -4x to the left side; becomes + 4x
4x + 8x - 8 + 6x = -12

Group like terms on left side and simplify
(4x + 8x + 6x) (-8 +6) = -12

18x - 2  = - 12

Move -2 to right side -> becomes +2

18x = 2 - 12 = - 10

x = -10/18 = - 5/9

A garbage incinerator charges $30, plus $15 per ton, to incinerate a truckload of garbage. The average cost per ton (in dollars) for incinerating n tons of garbage is
given by A(n) =
15n+30
n
a. Use the accompanying graph to determine whether the average cost per ton is increasing or decreasing as the size of the load increases.
b. A company uses trucks with capacities of 9, 16, and 18 tons. What is the average cost per ton for each truck?
erage costq

Answers

a. The average cost per ton is increasing as the size of the load increases.

b. For a 9-ton truck, the average cost per ton is $45. For a 16-ton truck, the average cost per ton is $60. For an 18-ton truck, the average cost per ton is $65.

Determine the average cost.

This question uses the concept of linear functions.

The equation A(n) = 15n+30 is an example of a linear function, as it is a function of the form f(x) = mx + b, where m is the slope and b is the y-intercept.

The graph of this equation is a straight line, which shows that the average cost per ton is increasing as the size of the load increases.

a. To determine whether the average cost per ton is increasing or decreasing as the size of the load increases, we can look at the graph provided.

The graph shows that as the size of the load increases, the average cost per ton increases.

Therefore, the average cost per ton is increasing as the size of the load increases.

b. To calculate the average cost per ton for each truck, we can use the equation A(n) = 15n+30. For a 9-ton truck, we plug in n = 9 and calculate A(9) = 15(9) + 30 = 135 + 30 = 165. Therefore, the average cost per ton for a 9-ton truck is $45.

For a 16-ton truck, we plug in n = 16 to calculate A(16) = 15(16) + 30 = 240 + 30 = 270.

Therefore, the average cost per ton for a 16-ton truck is $60.

For an 18-ton truck, we plug in n = 18 to calculate A(18) = 15(18) + 30 = 270 + 30 = 300.

Therefore, the average cost per ton for an 18-ton truck is $65.

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2 2/3 +2 1/6 as a fraction

Answers

Answer:

You can either write it as a whole number: 4 5/6

Or as 29/6

Step-by-step explanation:

Step-by-step explanation:

first step : convert both terms into real fractions (not mixed numbers).

second step : bring both fractions to the same denominator (bottom part).

third step : perform the addition.

1.

2 2/3 = (2×3 + 2)/3 = 8/3

2 1/6 = (2×6 + 1)/6 = 13/6

2.

we bring both fractions to .../6.

remember, we need to do the same multiplication for the numerator and the denominator to keep the overall value of the fraction unchanged.

to get from 3 to 6 we need to multiply by 2.

so,

8/3 = 8/3 × 2/2 = 16/6

3.

16/6 + 13/6 = 29/6

if you want to convert this to mixed numbers, this would be

29/6 = (4×6 + 5)/6 = 4 5/6

Write an expression equivalent to 2(x+5).

Answers

Answer: 2x+10

same expression, just simplified

2(x+5)
2•x=2x
2•5=10
=2x+10

What is the slope of a line that is parallel to the line y = 3/4x+2?

O -4/3
O -3/4
O 3/4
O 4/3

Answers

As a result, the given line, y = 3/4x+2, and any line having a slope of 3/4 are parallel.

what is slope ?

The slope of a line establishes its steepness. "Texture overflow" is the name of a gradient-related math problem (the change in y divided by the change in x). The sloping is the ratio of either the longitudinal (rise) to the horizontal (run) change in elevation between any two places. The gradient form of an equation is used to represent a linear relationship when its expression is expressed as y = mx + b. The y-intercept is situated where the slope of the line is m, b is c, and (0, b). For instance, either y-intercept and curve of something like the calculation y = 3x - 7 (0, 7). The line has a slope of m, a b value at the y-intercept, and (0, b). As

given

Given line equation, y = 3/4x + 2.

The slope of a line parallel to the supplied line must be determined.

Since every line parallel to the provided line will have the same slope as the supplied line since y = 3/4x+2,

Where, y = mx + c is the general equation of the line. m denotes the line's slope, and c the y-intercept.

Therefore, for the given line equation, y = 3/4x+2 Slope is m= 3/4 when we compare and.

As a result, the given line, y = 3/4x+2, and any line having a slope of 3/4 are parallel.

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what is 4z−(−3z) in combining like terms

Answers

Answer:

7z because 4z-(-3)=4z+3z

Answer:

The answer would be 7z

Step-by-step explanation:

a negative and a negative make a positive so therefore you would just add 4 and 3 together

A basketball team had a 60% decrease in the number of victories it had this season compared to last season. If the team had 48 fewer victories, how many victories did they have this season?
66
32
80
28

please help ASAP

Answers

The number of victories that the team had this season is given as follows:

32.

How to obtain the number of victories?

The number of victories is obtained applying the proportions in the context of this problem.

A decrease of 48 represents a decrease of 60% of the amount, that is, 60% of the total amount is of 48, hence the amount x is obtained as follows:

0.6x = 48

x = 48/0.6

x = 80.

The amount x represents the number of victories in the previous season, hence the number of victories in the current season is given as follows:

80 - 48 = 32.

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Explain why the statement "It will always rain on my birthday" uses inductive reasoning.

Answers

Inductive reasoning is essentially making generalizations based on observations. In this case inductive reasoning is used because it must be true that it has rained on their birthday in the past, repeatedly. Therefore this person came to the conclusion that since it has rained on their birthdays in the past, it must rain on their birthdays to come.

What the a round the the nearest thousand 802957 what is the answer right now please

Answers

Answer:

803,000

Step-by-step explanation:

when looking to round find the spot your supposed to go to and if its five or more round up, four or less stays the same

803000
Your welcome

Integrate 1/(1+x2) for limit [0,1].

Answers

The definite integral of the function 1/(1+x^2) between the limits of 0 and 1 is given by the well-known antiderivative, the arctangent function:

∫(0,1) 1/(1+x^2) dx = arctan(x) from x=0 to x=1 = arctan(1) - arctan(0) = π/4

Answer:

Step-by-step explanation:

A road descends a vertical distance of 2000 feet over a distance of 3.5 miles as shown in the diagram.
Find the approximate measure of , the angle shown in the diagram. Give your answer to the nearest thousandth of a degree. Show or explain how you found your answer. (Use 1 mile = 5280 feet.)

Answers

The value of θ from the triangle ABC is θ = 6.213°

What are trigonometric relations?

Trigonometry is the study of the relationships between the angles and the lengths of the sides of triangles

The six trigonometric functions are sin , cos , tan , cosec , sec and cot

Let the angle be θ , such that

sin θ = opposite / hypotenuse

cos θ = adjacent / hypotenuse

tan θ = opposite / adjacent

tan θ = sin θ / cos θ

cosec θ = 1/sin θ

sec θ = 1/cos θ

cot θ = 1/tan θ

Given data ,

Let the triangle be represented as ABC

Now , the opposite side of the triangle AB = 2,000 feet

The hypotenuse of the triangle AC = 3.5 miles

The hypotenuse of the triangle AC = 3.5 x 5,280

The hypotenuse of the triangle AC = 18,480 feet

Now , from the trigonometric relations ,

sin θ = opposite / hypotenuse

Substituting the values in the equation , we get

sin θ = 2000 / 18480

On simplifying the equation , we get

sin θ = 0.108225

Taking inverse on both sides of the equation , we get

θ = sin⁻¹ ( 0.108225 )

θ = 6.213°

Hence , the value of θ is 6.213°

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Priya says the sum of 1 2/5 and 4/5 is 1 6/5. Kiran says the sum is 11/5. Elena says it is 1 6/10. Tyler says it is 2 1/5. Do you agree with any of them? Use this space to solve the addition problem. Then Justify whether each person's answer is right or wrong using full sentences. You may use drawings if it helps.

Answers

The sum of the numbers  1 ²/₅ and ⁴/₅ in different form will be 1 + ⁶/₅, 11 / 5, and 2 ¹/₅. So, Priya, Kiran, and Tyler are correct.

What is Algebra?

Algebra is the study of abstract symbols, while logic is the manipulation of all those ideas.

The acronym PEMDAS stands for Parenthesis, Exponent, Multiplication, Division, Addition, and Subtraction. This approach is used to answer the problem correctly and completely.

The sum of the numbers 1 ²/₅ and ⁴/₅ is given as,

⇒ 1 ²/₅ + ⁴/₅

⇒ 1 + ²/₅ + ⁴/₅

⇒ 1 + ⁶/₅

⇒ 11 / 5

⇒ 2 ¹/₅

The sum of the numbers  1 ²/₅ and ⁴/₅ in different form will be 1 + ⁶/₅, 11 / 5, and 2 ¹/₅. So, Priya, Kiran, and Tyler are correct.

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-2x + 9y=-41 and -2x -5y =1

Answers

That’s not enough information, what do you need me to find?

Is this no solution?

Answers

Answer: 0=0

Step-by-step explanation:

4(2x-15) = 2(4x-30)

Simplify

8x-60=8x-60

Add 60 to both sides

8x=8x

Answer: 0=0

So the answer is infinite. Theres an infinite about of answers for x.

Answer:

The result of your question would equal: 0 = 0

Step-by-step explanation:

First lets distribute them!

4(2x - 15) = 2(4x - 30)

8x - 60 = 2(4x - 30)

8x - 60 = 2(4x - 30)

8x - 60 = 8x - 60. :

4(2x - 15 = (4x - 30)

8x - 60 = 8x - 60.

Add:

8x - 60 = 8x - 60

8x - 60 + 60 = 8x - 60 + 60

Simplifying:

8x - 60 + 60 = 8x - 60 + 60

8x = 8x - 60 + 60

Again:

8x = 8x - 60 + 60

8x = 8x  =

8x - 60 + 60 = 8x - 60 + 60

8x = 86

Subtracting:

8x = 8x

8x - 8x = 8x - 8x

Simplifying again...

Combining like terms

8x - 8x = 8x - 8x

0 = 8x - 8x

0 = 8x - 8x

0 = 0

The answer equals:

0 = 0

You have been answered by one of many helper robots.

32 players show up to practice one day, and the coach realizes she can't
make equal teams of 6. With 32 players, how many players can the coach
put on each team so that each player is on a team and every team has the
same number of players?

Answers

Answer:

8 teams of 4 players or 4 teams of 8 players

Step-by-step explanation:

8 x 4 = 32

m∠3=82 Find m∠4 I-Ready

Answers

The angle 4 is equal to 98degree.

What are supplementary angles?

Two angels whose sum is 180° are called supplementary angles. If a straight line is intersected by a line, then there are two angles form on each of the sides of the considered straight line. Those two-two angles are two pairs of supplementary angles. That means, if supplementary angles are aligned adjacent to each other, their exterior sides will make a straight line.

Given;

m∠3=82

Now

m∠3+m∠4=180      (since the angles are supplementary)

82+m∠4=180

m∠4=180-82

m∠4=98degree

Therefore, the angle 4 will be 98degrees.

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Answer:

98 degrees

Step-by-step explanation:

two-fifths of the students in central middle school are boys. One third of the girls have blonde hair and one quarter of the boys have blonde hair.

(A) what fraction of the students in central middlev school have blonde hair.
(B) if 36 of the students of central middle school have blond hair, then how many total does central middle school have.

PLEASE HELP

I did number one but i think its wrong

Answers

Answer: A: 3/10 of the school has blonde hair. B: there are 120 students

Step-by-step explanation: I might have done this wrong but anyway, I multiplied 2/5 by 1/4 and got 1/10, meaning 1/10 of the boys have blonde hair. I multiplied 3/5 (because 5/5 - 2/5 = 3/5) by 1/3 and got that 2/10 of the girls are blonde. I added these, and got that 3/10 of the school are blondes. That's A. Then, I set up the equation 3/10 = 36/x (x equals the total number of students in the school). When I solved it I got x = 120, meaning there are 120 students in the school.  

The student used the gift card to spend the same amount of money at the coffee shop every day until the remaining value of the card was $0. This function represents f(n), the value, in dollars, of the gift card after n days.f(n) = −2.5n + 75A. Based on the function, what was the original value, in dollars, of the giftcard? Show or explain how you got your answer.B. Based on the function, how much money, in dollars, did the student spend each day at the coffee shop? Show or explain how you got your answer.C. What was the remaining value, in dollars, of the gift card after 20 days? Show or explain how you got your answer.D. How many days in total did it take until the remaining value of the gift

Answers

Answer:

A. The original value of the gift card is 75 dollars, which is the y-intercept of the function.

B. The student spent 2.5 dollars each day at the coffee shop, which is the coefficient of n in the function.

C. After 20 days, the remaining value of the gift card is -2.5 * 20 + 75 = 25 dollars.

D. To find the total number of days until the gift card was used up, we need to find when f(n) = 0. Setting the function equal to 0 and solving for n, we get: 0 = -2.5n + 75, so n = (75)/(-2.5) = 30 days.

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