Calculate the expected flow rate (barrels per day) for each oil well using the estimated probabilities.
 FIGURE 1.png)
E(flowN) = 0.15(100) + 0.75(200) + 0.10(300) = 195 bbl/day
E(flowE) = 0.35(100) + 0.15(200) + 0.45(300) + 0.05(400) = 220 bbl/day
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The IT department allocates indirect costs to user departments on the basis of CPU time at the rate of $2000 per second. For the first quarter, the two heaviest use departments logged 900 and 1300 seconds, respectively. If the IT indirect budget for the year is $19.56 million, the percentage of this year’s allocation consumed by these departments is closest to: (choose one)
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