Answer:
Step-by-step explanation:
Answer:
12000
Step-by-step explanation:
Using this information, you can make a ratio: 12.2/50 = x/48744
By simplifying this ratio you get that 50x = 594676. Dividing both sides by 50 you get about 11900, which you can round up to 12000
Answer:
The expectation for the drilling company is $8,375.
Step-by-step explanation:
We have that the expectation for the drilling company is:

is the income that is expected in relation to natural gas being hit. There is a 1/20 probability that gas is hit. If gas is hit, the income will be $260,000. So

is the income that is expected in relation to oil being hit. There is a 1/40 probability that oil is hit. If oil is hit, the income will be $815,000. So

25,000 is subtracted from the expectation because it is the cost to sink a test well.
So,

The expectation for the drilling company is $8,375.
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The answer will be 46,200 Hopes this helps. :)