P(Ai)?P(S|A)?P(Ai ∩ S)?P(Ai | S)?New Probability for findind the oil? (b) 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 are as follows.P(soil | high-quality oil) = 0.20P(soil | medium-quality oil) = 0.80P(soil | no oil) = 0.20 An oil company purchased an option on land in Alaska. Preliminary geologic studies assigned the following prior probabilities.P(high-quality oil) = 0.650.20P(no oil) = 0.15P(medium-quality oil)

Answered: An oil company purchased an option on…

An oil company purchased an option on land in Alaska. Preliminary geologic studies assigned the following prior probabilities. P(high-quality oil) = 0.65 P(medium-quality oil) = 0.20 P(no oil) 0.15

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Related questions

Q: What does combination mean in probability?

A: Combinations in probability are the number of ways to calculate the total outcomes of an event where…

Q: if probability for A = 0.11 , probability for C = 0.02 probability for B = 0.16 , probability…

A: We have to find given probability.

Q: Rolling a pair of die, what is probability of getting a two and a five?

A: Solution:- when we roll a pair of die then total sample space is 36 Here favourable outcome is [ {…

Q: 1) A student takes Mathematics and English tests. His independent chances of 3 2 and respectively.…

A: The provided information is as follows:A student takes Mathematics and English tests.The events are…

Q: Rolling three four-sided dice, what is the probability of totaling at least 9? Is there a way to…

A: The dice have four sides then the outcomes are 1, 2, 3, & 4. Three dice have rolled, so the…

Q: A and B are independent, P(A) = .5, P(B) = .5, Find the probability of the union of A, B

Q: The probabilities that fast – food restaurant sells 10, 20, 30, 50, 100 burgers daily are 0.20,…

Q: Don't use chatgpt or copy paste

A: The objective of this question is to find the probability of a defective item getting through two…

Q: When are two events said to be Independent? give a real-life example to explain the answer.

A: Independent events: Let A and B be two events. The events A and B are said to be independent if…

Q: (d) What is the probability that a person does not watch the British Open?

A: Let's define the events first. M : The event that watch the Masters. B : The event that watch the…

Q: American Airlines' flights from Chicago to Dallas are on time 80 % of the time. Suppose 8 flights ar…

A: The binomial formula is: 1. The required probability is: P(7)=0.33554432 P(7)=0.336 0.336

Q: Suppose the probability of snow tomorrow is 0.1 while the probability of IU winning the basketball…

A: P(A and B) = P(both event A occurs and event B occurs) If A and B are two INDEPENDENT events, then…

Q: True or False In a probability model, all possible outcomes together must have a probability of 1.

A: The probability is the chance of the occurrence of an event. It is required to check whether the…

Q: Which pairs of events are independent? P(A)=0.55, P(B)=0.65 p(A&B)=0.35?

A: Two events are said to be independent if PA and B=PA·PB.

Q: vwhat is the probability that a randomly selected person is a young adult that is running? vwhat is…

A: According to the answering guidelines, we can answer only three subparts of a question and the rest…

Q: If you viewed Attend as a Child as the Independent Variable, conditional probabilities should be…

A: if we view "Attend as a child" as the independent variable, conditional probabilities should be…

Q: You roll two fair dice, what is the probability of getting a sum of 4 or 10?

A: Given that, Two different dice are rolled simultaneously being number 1, 2, 3, 4, 5 and 6 on their…

Q: Suppose A and B are mutually exclusive events with P(A) - 0.25 and P(B) = 0.25. Find the following…

A: For Mutually exclusive events, P(A U B) = P(A) + P(B) =0.25 + 0.25 =0.5…

Q: Let X and Y be events. Suppose we have the following probabilities: P(Y|X) = 0.54 and P(XnY)= 0.12.…

A: In given question, concept of conditional probability is applied. Conditional Probability The…

Q: Probability of getting bonus points is 7/16. Find the odds in favor of getting bonus points?

A: We have given that, Probability of getting bonus points = 7/16 Then, We will find the odds in…

Q: What are the two rules of finding probability of complex events?

A: The two rules for finding the probability of complex events are 1. Addition rule of probability and…

Q: Yahtzee! Find the probability of getting a 5 of a kind when rolling five dice

Q: Could you help me understand this one? "There is an average of four accidents per month at an…

A: (a) The probability that there are 3 or more accidents in the next month is, Thus, the probability…

Question

100%

P(Ai)?

P(S|A)?

P(A_i ∩ S)?

P(A_i | S)?

New Probability for findind the oil?

(b) 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 are as follows.
P(soil | high-quality oil) = 0.20
P(soil | medium-quality oil) = 0.80
P(soil | no oil) = 0.20

An oil company purchased an option on land in Alaska. Preliminary geologic studies assigned the following prior probabilities.
P(high-quality oil) = 0.65
0.20
P(no oil) = 0.15
P(medium-quality oil)

Video Video

Expert Solution

Step 1

Given that

$P (h i g h - q u a l i t y o i l) = 0.65 P (m e d i u m - q u a l i t y o i l) = 0.20 P (n o o i l) = 0.15$

The conditional probabilities is displayed below.

$P (s o i l | h i g h - q u a l i t y o i l) = 0.20 P (s o i l | m e d i u m - q u a l i t y o i l) = 0.80 P (s o i l | n o o i l) = 0.20$

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

help with this question
not use ai please
Help me please
Please can you help to solve this question into details for me please? I am really stuck in this class so your detailed explanation will be greatly appreciated. Thank you. Teams A and B play games until one of the teams has won two times. For each game, Team A winswith probability p. Assume the games are independent of one another.(a) What is the expected number of games to be played?(b) For what value of p is the answer to part (a) maximized?
A probability distribution function has which characteristic(s)? (Select all characteristic that applies.) Each probability is between zero and one, inclusive. Each probability is larger than one. The sum of the probabilities is one. The sum of the probabilities is larger than one.