An oil company purchased an option on land in Alaska. Preliminary geologic studies assigned the following prior probabilities.P(high-quality oil) = .50P(medium-quality oil)= .20P(no oil) = .30a. What is the probability of finding oil (to 1 decimal)?.7b. After 200 feet of drilling on the first well, a soil test is taken. The probabilities of finding the particular type of soil identified bythe test follow.P(soil | high-quality oil) = .20P(soil | medium-quality oil) = .80P(soil | no oil) = .20Given the soil found in the test, use Bayes' theorem to compute the following revised probabilities (to 2 decimals).P(high-quality oil | soil).50P(medium-quality oil | soil).80P(no oil | soil).20What is the new probability of finding oil (to 2 decimals)?What quality oil is most likely to be found, according to the revised probabilities?Select

Given From the available information, it is given that an oil company purchased an option on land in…

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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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Find the following probabilities. Round to four decimals. a. P(Z 1.8): c. P( – 1.8 < Z < 1.8) : с. Submit Question or MacBook Pro
Scenario: 200 people were asked, “Who is your favorite superhero?” Below are the data. Test the null hypothesis that the population frequencies for each category are equal. α= .05. Iron Man Black Panther Wonder Woman Spiderman fo = 40 fo = 60 fo =55 fo = 45 fe = fe = fe = fe = The expected frequency, fe = ____
This is review. Not graded. Please help. Old review question.
Please answer d
The joint probability distribution of the random variables X and Y is given below: ? (?, ?) = ???, 0 <? <2, 0 <? <? 0, other a. Find the value of the constant. b. Calculate and interpret the covariance and correlation of the X and Y random variables. c. Calculate the expected value and variance of the random variable ? = 2? − 3? + 2.
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Use the following probabilities to answer the question. Round to 4 decimal places.P(A)=0.54P(A)=0.54 , P(B)=0.41P(B)=0.41 , P(AandB)=0.05P(AandB)=0.05 .P(B∣A)=
Two six-sided dice are rolled and the random variable x is the sum of the values produced by each die. a. List the possible outcomes for the variable x, determine the probability for each outcome, and calculate the expected value of x. b. Calculate the variance of x. c. Calculate the standard deviation of x. a. List the possible outcomes for the variable x. Choose the correct answer below. O A. 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 О В. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 ОС. 1,2, 3, 4, 5, 6 O D. 3, 4, 5, 6, 7, 8, 9, 10, 11 Determine the probability for each outcome. Select the correct choice below and fill in the answer boxes to complete your choice. (Type integers or fractions.) O A. P(1) =. P(2) = P(3) = P(4) = P(5) = P(6) = О В. Р/2)- P(3) = , P(4) = , P(5) = P(6) = P(7) = P(8) = P(9) = , P(10)= P(11) = P(12) = %3D O C. P(3) = P(4) = , P(5) = , P(6) = ,P(7) = P(8) = P(9) = P(10) = P(11) = O D. P(1)= , P(2) = , P(3) = P(4) = , P(5) = P(6) = P(7) = P(8) = P(9) = P(10) = P(11) = P(12)…
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