An oil company purchased an option on land in Alaska. Preliminary geologic studies assigned the following prior probabilities.P(high-quality oil) = 0.3P(medium-quality oil) = 0.4P(no oil) = 0.3a. What is the probability of finding oil (to 1 decimal)?0.70b. After 200 feet of drilling on the first well, a soil test is taken. The probabilities of finding the particular type of soil identified by the test aregiven below.P(soil high-quality oil) = 0.4P(soil medium-quality oil) = 0.4P(soil no oil) = 0.2Given the soil found in the test, use Bayes' theorem to compute the following revised probabilities (to 4 decimals).P(high-quality oil soil)P(medium-quality oil soil)P(no oil soil)What is the new probability of finding oil (to 4 decimals)?

Answered: Image /qna-images/answer/3faf475c-e912-4db9-b330-a037c874d61a.jpg

Answered: An oil company purchased an option on…

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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The lifetime T (in years) for a particular type of electric toothbrush is assumed to have the probability density f given by t 0 ≤ t ≤6 f(t) = {+ 3 18 otherwise.
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Samuel F.B. Morse (1791 – 1872), the creator of Morse Code, claimed that 12% of all letters used in the English language were “e”s. Suppose random samples of 196 letters are selected from a book What is the probability that a random sample of 196 letters will contain at least 10% "e"s? Type your calculated z-score here. Express its value to the nearest hundredth (two decimal places). Type your probability here. Express its value to four decimal places. Do not round.
Assume that thermometer readings are normally distributed with a mean of 0 degreesC and a standard deviation of 1.00degreesC. A thermometer is randomly selected and tested. For the case below, draw a sketch, and find the probability of the reading. (The given values are in Celsius degrees.) Between 0.50 and 2.00
Assume that the probability of a being born with Genetic Condition B is p = 4/15. A study looks at a random sample of 133 volunteers. Find the most likely number of the 133 volunteers to have Genetic Condition B. (Round answer to one decimal place.) Let X represent the number of volunteers (out of 133) who have Genetic Condition B. Find the standard deviation for the probability distribution of X. (Round answer to two decimal places.) O = Use the range rule of thumb to find the minimum usual value u-2o and the maximum usual value u+20. Enter answer as an interval using square-brackets only with whole numbers. usual values =
please find a, b, c and d

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