Posted by **Stacy** on Saturday, March 2, 2013 at 9:11pm.

An oil-drilling company knows that it costs $25,000 to sink a test well. If oil is hit, the income for the drilling company will be $355,000. If only natural gas is hit, the income will be $130,000. If nothing is hit, there will be no income. If the probability of hitting oil is 1/40 and if the probability of hitting gas is 1/20, what is the expectation for the drilling company?

## Answer This Question

## Related Questions

- Algebra Last question for tonight - An oil-drilling company knows that it costs...
- math - An oil-drilling company knows that it costs $28,000 to sink a test well. ...
- math - An oil-drilling company knows that it costs $25,000 to sink a test well. ...
- Strayer - An oil-drilling company knows that it costs $25,000 to sink a test ...
- algebra - An oil-drilling company knows that it costs $25,000 to sink a test ...
- math - An oil-drilling company knows that it costs $25,000 to sink a test well. ...
- Algebra - An oil-drilling company knows that it costs $25,000 to sink a test ...
- algebra - An oil-drilling company knows that it costs $25,000 to sink a test ...
- Math - An oil-drilling company knows that it costs $25,000 to sink a test well. ...
- algebra/please help I have been wrong twice - An oil-drilling company knows that...

More Related Questions