SOLUTION: An oil company had determined that the probability of finding oil at a particular drilling operation is 20%. What is the probability that it would drill six dry wells before findin

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Question 1080048: An oil company had determined that the probability of finding oil at a particular drilling operation is 20%. What is the probability that it would drill six dry wells before finding oil at the seventh one?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
This is 0.8^6, the probability of 6 dry wells *0.2=0.0524