An oil company conducts a geological study that indicates that an exploratory oil well should have a 20% chance of striking oil. What is the mean number of oil wells that must be drilled if the company wants to have five oil-striking wells?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 30PPS
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An oil company conducts a geological study that indicates that an exploratory oil well should have a 20% chance of striking oil. What is the mean number of oil wells that must be drilled if the company wants to have five oil-striking wells?

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