User Account

All Pages

State of pennsylvania sits on a shale formation

Assignment Help Finance Basics
Reference no: EM131402685

Approximately 70% of the state of Pennsylvania sits on a shale formation from which natural gas may be extracted. If a geological test is positive, it has an 80% accuracy rate in correctly identifying a productive drilling site (shale is under the ground). If there is no shale under the ground, geological testing is falsely positive with a probability of 20%. Suppose the result of the geological test comes back positive (the test says there is shale under the ground). It is most important for us to know the probability that there is indeed shale under the ground given a positive geological test result. Find this probability and briefly discuss.

Reference no: EM131402685

Questions Cloud

Problem regarding the binomial distribution : According to Cerulli Associates of Boston, 30% of all CPA financial advisors have an average client size between $500,000 and $1 million. Thirty-four percent have an average client size between $1 million and $5 million. Suppose a complete list of..
How would you describe the branding strategy for the product : How would you describe the branding strategy for the product/brand you are reviewing? Is your firm using family, individual or co-branded strategies? What role does the corporate identity play in establishing the product/brand identity?
Predictions for the real estate market : An investor is keeping a careful eye on the real estate markets in Las Vegas and the Inland Empire. The following are her predictions for the real estate market in 2016.
What is the whorfian hypothesis of linguistic relativity : What is the Whorfian hypothesis of linguistic relativity? Evaluate the empirical evidence bearing on it. Describe the modularity hypothesis and its implications for the study of language as part of cognitive psychology
State of pennsylvania sits on a shale formation : Approximately 70% of the state of Pennsylvania sits on a shale formation from which natural gas may be extracted. If a geological test is positive, it has an 80% accuracy rate in correctly identifying a productive drilling site (shale is under the..
Describe the buyer behavior each advertisement is addressing : Describe the buyer behavior each advertisement is addressing. Explain the marketing mix strategies the company is employing to get consumers to purchase the product or service.
Evaluate how the given laws frame our scenario : What law will the court apply? In most states, what will result? Evaluate how these laws frame our scenario and how a court would rule.
Student satisfaction by interviewing a sample : The Principal of Heriot-Watt University requests you to carry a survey on student satisfaction by interviewing a sample of 4th year students. Describe some ways by which you could constitute a random sample if you are given the full list of 4th y..
Research paper on health behaviors in a third world country : Write a 15 page research paper on health behaviors in a third world country such as Ghana, your approach to the prevention of diseases such as HIV AIDS, in your paper you need to clearly state the tools and methods used

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd