pls I need the correct answer for this data.thanks

365 Login |... Please Login An oil company purchased an option on land in Alaska. Preliminary geologic studies assigned P(high-quality oil) = 0.50 P(medium-quality oil) = 0.20 P(no oil) = 0.30 (a) What is the probability of finding oil? 0.7 (b) After 200 feet of drilling on the first well, a soil test is taken. The probabilities of finding the pa P(soil | high-quality oil) = 0.10 P(soil | medium-quality oil) = 0.70 P(soil | no oil) = 0.20 How should the firm interpret the soil test? Calculate the revised probabilities by completing th Events P(A.) P(S | A,) P(A, ns) P(A. I S) High Quality (A ) 0.50 0.10 0.40 0.17 Medium Quality (A,) 0.20 0.70 0.14 Enter a number. No Oil (A3) 0.30 0.20 0.60 Total 1.00 P(S) = 0.79 1.00 What is the new probability for finding oil after finding this particular type of soil? (Round you P(oil | S) = Is the company more likely or less likely to find oil after the results of the test? O more likely O less likely Do the new probabilities favor medium or high quality oil