What probability that he will fail to find production well

Reference no: EM131027997

An oil prospector will drill a succession of holes in a given area to find a productive well. The probability that he is successful on a given trial is .2.

a What is the probability that the third hole drilled is the first to yield a productive well?

b If the prospector can afford to drill at most ten wells, what is the probability that he will fail to find a productive well?

Reference no: EM131027997

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