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,

Algebra ->  Probability-and-statistics -> 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,       Log On


   

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) About Me  (Show Source):
You can put this solution on YOUR website!
.

This problem is just solved at this forum under this link

https://www.algebra.com/algebra/homework/Probability-and-statistics/Probability-and-statistics.faq.question.1204065.html


                        ENJOY  ( ! )