Referring to the oil-wildcatting decision diagrammed in Figure 7.16, suppose that the decision maker has not yet
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Figure 7.16
Transcribed Image Text:
Dry (0.60) -100,000 w 10.25-150.000 500,000 )--100.000 Low (0.125)150.000 52.50K Donie (0.6) High (0.15) No\53.75K/ Dry Dome Site 1 (EMV= 10K) 10.8501 150,000 10,025)-500,000 0.4) High 200K OK Dry (0.2) Site 2 (EMV =0) Low (0.8)
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EMV Site 1 p 5250 1 p 5375 Set ...View the full answer
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Related Book For
Making Hard Decisions with decision tools
ISBN: 978-0538797573
3rd edition
Authors: Robert Clemen, Terence Reilly
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