PDA

View Full Version : Probability of finding oil


DianaElsie64
Dec 7, 2009, 08:32 AM
high quality oil = .50
medium quality oil = .20
no oil = .30
what is the probability of finding oil?

InfoJunkie4Life
Dec 7, 2009, 04:40 PM
50% of high quality oil
20% of medium quality oil
= 70%

or

100% - 30% of no oil = 70%

However you like it...