An oil drilling company ventures into various locations, and its success or failure is independent from one location to another. Suppose the probability of a success at any specific location is 0.30. What is the probability that a driller drills 10 locations and finds 1 success? The driller feels that he will go bankrupt if he drills 10 times before the first success occurs. What are the driller's prospects for bankruptcy? i. ii.

Q: Mr X's age is three times my age. The sum of our ages is 40. How old am I? How old is mr x?

A: Let Mr X’s age is x and my age is y.It is given that; Mr X’s age is three times my age.Implies that,

Q: John can finish a job alone in 5 hours. Jack can finish the same job alone in 6 hours. How long does…

A: John can finish a job alone in 5 hours. Jack can finish the same job alone in 6 hours.

Q: The product of two consecutive even whole numbers is 120. The two integers are and

A:

Q: Fahd's age is now twice the age of Faisal. If Fahd's age 6 years ago is equal to four times Faisal's…

A:

Q: A company produces 128000 cases of soft drink annualy. It costs 1 dollar to store 1 case for 1 year…

A: Topic = Algebra

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.