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(Solved): An oil company estimates that only 1 well in 15 will yield commercial quantities of oil. Assume that ...



An oil company estimates that only 1 well in 15 will yield commercial quantities of oil. Assume that successful drilled wells represent independent events. If 5 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



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The oil company estimates that 1 well in 15 will yield commercial quantities of oil So, probability of a well yielding commercial quantities of oil (p
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