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Required information Royalties received by an investor in an oil well varies according to the price of oil. Data collected from stripper wells in a

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Royalties received by an investor in an oil well varies according to the price of oil. Data collected from stripper wells in a West Texas oilfield were used to develop the royalty probability relationships shown.
\table[[Royalties,$? Year,5,800,8500,9500,11,750,12,500],[Probability,0.1,0.21,0.280,0.280,0.09]]
a spreadsheet to plot the probability distribution of royalty income (RI) with the given information. Please see the attached picture for information for spread sheet
image text in transcribed

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