Question

An oil company estimates that only 1 well in 24 will yield commercial quantities of oil. Assume that successful drilled wells represent independent events. If 12 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 3

Step 1

According to the provided data, the number of trials, *n* is 12. An oil company estimates that only 1 well in 24 will yield comme...

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