Consider the well failure data given below. (a) What is the probability of a failure given there

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Consider the well failure data given below.

(a) What is the probability of a failure given there are more than 1,000 wells in a geological formation?

(b) What is the probability of a failure given there are fewer than 500 wells in a geological formation?

Wells Geological Formation Group Failed Total Gneiss 170 1685 Granite 28 Loch raven schist 443 3733 Mafic 14 363 Marble

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Applied Statistics And Probability For Engineers

ISBN: 9781118539712

6th Edition

Authors: Douglas C. Montgomery, George C. Runger

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