An oil-drilling company knows that it costs $95,000 to sink a test well. If oil is hit, the income for the drilling company will be $875,000. If only natural gas is hit, the income will be $340,648. If nothing is hit, there will be no income. If the probability of hitting oil is  and if the probability of hitting gas is

style="vertical-align: middle;" data-wiris-created="true" varid="variable_id_field" variablename="impvar_eb48c6e9d46642ba81a356a23" />, what is the expectation for the drilling company? Should the company sink the test well? Please round your answer to the nearest dollar.
?
The expectation is __________, the company __________ (should, shouldn't) dig.

What will be an ideal response?


-$59,499; shouldn't

Mathematics

You might also like to view...

Graph the equation.x2 + (y - 3)2 = 9

A.

B.

C.

D.

Mathematics

Find the product.4t4(t - 5)(4t - 3)

A. 16t6 - 92t5 + 60t4 B. 16t6 - 80t5 + 60t4 C. 16t6 + 60t4 D. 16t6 + 60t5 - 92t4 

Mathematics

Solve the inequality. > 0

A.
B.
C.
D. (0, ?)

Mathematics

Graph the solution of the system.x + 2y ? 2 x + y ? 0

A.

B.

C.

D.

Mathematics