Strayer

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 $445,000. If only natural gas is hit, the income will be $165,000. 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

asked by Quencie

Respond to this Question

First Name

Your Response

Similar Questions

  1. math

    An oil-drilling company knows that it costs $28,000 to sink a test well. If oil is hit, the income for the drilling company will be $445,000. If only natural gas is hit, the income will be $145,000. If nothing is hit, there will
  2. Math

    A Texas oil drilling company has determined that it costs $25,000 to sink a test well. If oil is hit, the revenue for the company will be $500,000. If natural gas is found, the revenue will be $150,000. If the probability of
  3. Algebra Last question for tonight

    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 $395,000. If only natural gas is hit, the income will be $125,000. If nothing is hit, there will
  4. math

    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 $425,000. If only natural gas is hit, the income will be $155,000. If nothing is hit, there will
  5. math

    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 $405,000. If only natural gas is hit, the income will be $125,000. If nothing is hit, there will
  6. algebra

    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 $395,000. If only natural gas is hit, the income will be $135,000. If nothing is hit, there will
  7. algebra

    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 $445,000. If only natural gas is hit, the income will be $150,000. If nothing is hit, there will
  8. Algebra

    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 $415,000. If only natural gas is hit, the income will be $145,000. If nothing is hit, there will
  9. Math

    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 $375,000. If only natural gas is hit, the income will be $165,000. If nothing is hit, there will
  10. algebra/please help I have been wrong twice

    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 $395,000. If only natural gas is hit, the income will be $125,000. If nothing is hit, there will

More Similar Questions