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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 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
Explanation
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The formula for calculating th...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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