Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

تمرين 9

The average success probability for a wildcat oil well drilled in the Wind River basin 7 miles from the nearest existing production well is estimated to be 13%. If the value of the oil has equal chances of being $1.5 million, $1.9 million, and $2.4 million, what is the expected income from the well