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Author Question: If it costs 200,000 to drill each well and a successful well will produce 1,000,000 worth of oil ... (Read 28 times)

tatyanajohnson

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on: Jun 24, 2018
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


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cam1229

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Reply #1 on: Jun 24, 2018
Answer to Question 1

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

Answer to Question 2

c


tatyanajohnson

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

aliotak

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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