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YouTube Gmail Chapter 19 Connect Homework Saved Help Save & Exit SL Check my wo Required information Royalties received by an investor in an oil

YouTube Gmail Chapter 19 Connect Homework Saved Help Save & Exit SL Check my wo 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. Royalties, $/Year 5100 8500 9500 11,800 12,500 24,000 Probability 0.1 0.21 0.32 0.24 0.09 0.04 What are the chances that royalty income will be at least $11,800? The chances that royalty income will be at least $11,800 is %

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