SOLUTION: An oil company estimates that only 1 well in 25 will yield commercial quantities of oil. Assume that successful drilled wells represent independent events. If 5 wells are drilled,
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Question 1204083: An oil company estimates that only 1 well in 25 will yield commercial quantities of oil. Assume that successful drilled wells represent independent events. If 5 wells are drilled, find the probability of obtaining a commercially successful well for the following number of times. (Round your answer to six decimal places.)
exactly 2
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
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This problem is just solved at this forum under this link
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