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An ofi company purchased an option on land in Alaska. Preliminary peolopic studies assigned the following prior probabitities. [ begin{array}{r} text { P(high quality oil
An ofi company purchased an option on land in Alaska. Preliminary peolopic studies assigned the following prior probabitities. \[ \begin{array}{r} \text { P(high quality oil })=0.55 \\ P(\text { mediu 
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Operations Management
Authors: William J. Stevenson
11th Edition
978-0073525259, 0073525251
