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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
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 West Texas oilfield were used to develop the royalty probability relationships shown.
tableRoyalties Year,Probability
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
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