Inactive oil and gas structures. Refer to the Oil & Gas Journal (Jan. 3, 2005) study of active and inactive oil and gas structures in the Gulf of Mexico, Exercise 3.19 (p. 93). The table summarizing the results of the study is repro- duced here. Consider the structure type and active status of one of these oil/gas structures. Caisson Well Protector Fixed Platform Totals Active 503 225 1,447 2,175 Inactive 598 177 450 1,225 Source: Kaiser, M., and Mesyanzhinov, D. “Study tabulates idle Gulf of Mexico structures." Oil & Gas Journal, Vol 103, No. 1, Jan. 3, 2005 (Table 2). a. Given that the structure is a fixed platform, what is the probability that the structure is active? b. Given that the structure is inactive, what is the proba- bility that the structure is a well protector?

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7.
Inactive oil and gas structures. Refer to the Oil & Gas
Caisson
Well Protector
Fixed Platform
Totals
Journal (Jan. 3, 2005) study of active and inactive oil and
gas structures in the Gulf of Mexico, Exercise 3.19 (p. 93).
The table summarizing the results of the study is repro-
duced here. Consider the structure type and active status
of one of these oil/gas structures.
Active
503
225
1,447
2,175
Inactive
598
177
450
1,225
Source: Kaiser, M., and Mesyanzhinov, D. “Study tabulates idle Gulf of
Mexico structures." Oil & Gas Journal, Vol 103, No. 1, Jan. 3, 2005
(Table 2).
a. Given that the structure is a fixed platform, what is the
probability that the structure is active?
b. Given that the structure is inactive, what is the proba-
bility that the structure is a well protector?
Transcribed Image Text:7. Inactive oil and gas structures. Refer to the Oil & Gas Caisson Well Protector Fixed Platform Totals Journal (Jan. 3, 2005) study of active and inactive oil and gas structures in the Gulf of Mexico, Exercise 3.19 (p. 93). The table summarizing the results of the study is repro- duced here. Consider the structure type and active status of one of these oil/gas structures. Active 503 225 1,447 2,175 Inactive 598 177 450 1,225 Source: Kaiser, M., and Mesyanzhinov, D. “Study tabulates idle Gulf of Mexico structures." Oil & Gas Journal, Vol 103, No. 1, Jan. 3, 2005 (Table 2). a. Given that the structure is a fixed platform, what is the probability that the structure is active? b. Given that the structure is inactive, what is the proba- bility that the structure is a well protector?
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