an oil company conducts a geological study that indicates that an exploratory oil well should have a 20% chance of striking oil. assuming independence, what is that probability that the third strike comes on the seventh well drilled

Respuesta :

Answer:

4.92% probability that the third strike comes on the seventh well drilled

Step-by-step explanation:

For each drill, there are only two possible outcomes. Either it is a strike, or it is not. Each drill is independent of other drills. So we use the binomial probability distribution to solve this question.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

In which [tex]C_{n,x}[/tex] is the number of different combinations of x objects from a set of n elements, given by the following formula.

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

And p is the probability of X happening.

20% chance of striking oil.

This means that [tex]p = 0.2[/tex]

What is that probability that the third strike comes on the seventh well drilled

2 stikers during the first 6 drills(P(X = 2) when n = 6)[/tex]

Strike during the 7th drill, with 0.2 probability. So

[tex]P = 0.2P(X = 2)[/tex]

In which

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]P(X = 2) = C_{6,2}.(0.2)^{2}.(0.8)^{4} = 0.2458[/tex]

Then

[tex]P = 0.2P(X = 2) = 0.2*0.2458 = 0.0492[/tex]

4.92% probability that the third strike comes on the seventh well drilled