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Eagle Oil Company is engaged in drilling efforts to discover oil in southern Asia. Successful deposits of oil are discovered 2/3 of the time (that
Eagle Oil Company is engaged in drilling efforts to discover oil in southern Asia. Successful deposits of oil are discovered 2/3 of the time (that is, every two of three drilling efforts result in the discovery of oil). Suppose Eagle Oil Company has five independent drilling efforts in this region. Let the random variable X = the number of successful deposits of oil that Eagle discovers. Construct the probability distribution of X. Find E(X) and Var (X)
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