A company that explores for oil in the ocean is considering two new sites, A and B. The exploration will take the entire year. The company estimates the probability of finding oil is 0.19 at site A and 0.03 at site B. The sites are far enough apart so that whether or not oil is found at one site is independent of it being found at the other. Round your answers to three decimal places, and use four decimal places in any interim calculations. Find the probability that the company will find oil at both sites: .006 Hint: Try making a probability table. only one of the sites: .163 neither of the sites: least one of the sites:
A company that explores for oil in the ocean is considering two new sites, A and B. The exploration will take the entire year. The company estimates the probability of finding oil is 0.19 at site A and 0.03 at site B. The sites are far enough apart so that whether or not oil is found at one site is independent of it being found at the other. Round your answers to three decimal places, and use four decimal places in any interim calculations. Find the probability that the company will find oil at both sites: .006 Hint: Try making a probability table. only one of the sites: .163 neither of the sites: least one of the sites:
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:A company that explores for oil in the ocean is considering two new sites, A and B. The exploration will take the entire year. The company estimates the probability of finding oil is 0.19 at site A and 0.03 at site B. The sites are far enough apart so that whether or not oil is found at one site is independent of it being found at the other.
Round your answers to three decimal places, and use four decimal places in any interim calculations.
Find the probability that the company will find oil at:
- both sites: 0.006
*Hint: Try making a probability table.*
- only one of the sites: 0.163
- neither of the sites:
- at least one of the sites:
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