If it costs 200,000 to drill each well and a successful well will ...

[tatyanajohnson]

If it costs 200,000 to drill each well and a successful well will produce 1,000,000 worth of oil over its lifetime, what is the expected net value of this three-well program if all three wells are successful?

Question 2

The alternative hypothesis is also known as the:
 a. elective hypothesis b. optional hypothesis
  c. research hypothesis d. null hypothesis

[cam1229]

Answer to Question 1

3,000,000 - 600,000 = 2,400,000

Answer to Question 2

c

[tatyanajohnson]

Thanks for the timely response, appreciate it

[bimper21]

Wow, this really help