An oil company conducts a geological study that indicates that an exploratory oil well should have a 20% chance of striking oil. Which distribution you will use to find probability that the first strike comes on the third well drilled? *
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Expert's answer
2021-08-11T19:30:23-0400
Geometric distribution with p=0.2.
"P(X=x) = (1-p)^2p"
Note that X is technically a geometric random variable, since we are only looking for one success.
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