The Striket Riche Company has begun drilling for oil. It anticipates 130 hour of drilling time before reaching the oil. Experience has shown that the drill bits it uses in this type of rock formation have lifetime that is lognormal with tmed = 2 hr and s=0.91. The company currently has 35 drill bits available. What is the probability of striking oil before it runs out of bits?
The Striket Riche Company has begun drilling for oil. It anticipates 130 hour of drilling time before reaching the oil. Experience has shown that the drill bits it uses in this type of rock formation have lifetime that is lognormal with tmed = 2 hr and s=0.91. The company currently has 35 drill bits available. What is the probability of striking oil before it runs out of bits?
Chapter10: Exponential And Logarithmic Functions
Section10.5: Solve Exponential And Logarithmic Equations
Problem 10.88TI: Researchers recorded that a certain bacteria population declined from 700,000 to 400,000 in 5 hours...
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