A fuel company conducts a geologic survey that has a 20% chance of striking an oil reserve. What is the probability that hey find an oil reserve on its first strike at the third drilled well?
A fuel company conducts a geologic survey that has a 20% chance of striking an oil reserve. What is the probability that hey find an oil reserve on its first strike at the third drilled well?
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 20T
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A fuel company conducts a geologic survey that has a 20% chance of striking an oil reserve.
What is the probability that hey find an oil reserve on its first strike at the third drilled well?
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