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(Solved): An oil company estimates that only 1 oil well in 17 will yield commercial quantities of oil. Assume ...



An oil company estimates that only 1 oil well in 17 will yield commercial quantities of oil. Assume that successful drilled wells represent independent events. If 11 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.) none



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Step 1) Values n = 11, P(successful well) = (1/17) = 0.0588, Step 2) The requ
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