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Chemical Engineering The Striket Riche Company has begun drilling for oil. It anticipates 130 hour of drilling time before reaching the oil. Experience has shown that the drill bits it uses in this type of rock formation have a lifetime that is lognormal with tmed = 2 hr and s=0.91. The company currently has 35 drill bits available. What is the probability of striking oil before it runs out of bits?

Chemical Engineering The Striket Riche Company has begun drilling for oil. It anticipates 130 hour of drilling time before reaching the oil. Experience has shown that the drill bits it uses in this type of rock formation have a lifetime that is lognormal with tmed = 2 hr and s=0.91. The company currently has 35 drill bits available. What is the probability of striking oil before it runs out of bits?

Introduction to Chemical Engineering Thermodynamics
Introduction to Chemical Engineering Thermodynamics
8th Edition
ISBN:9781259696527
Author:J.M. Smith Termodinamica en ingenieria quimica, Hendrick C Van Ness, Michael Abbott, Mark Swihart
Publisher:J.M. Smith Termodinamica en ingenieria quimica, Hendrick C Van Ness, Michael Abbott, Mark Swihart
Chapter1: Introduction
Section: Chapter Questions
Problem 1.1P
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Chemical Engineering The Striket Riche Company has begun drilling for oil. It anticipates 130 hour of drilling time before reaching the oil. Experience has shown that the drill bits it uses in this type of rock formation have a lifetime that is lognormal with tmed = 2 hr and s=0.91. The company currently has 35 drill bits available. What is the probability of striking oil before it runs out of bits?
Transcribed Image Text:Chemical Engineering The Striket Riche Company has begun drilling for oil. It anticipates 130 hour of drilling time before reaching the oil. Experience has shown that the drill bits it uses in this type of rock formation have a lifetime that is lognormal with tmed = 2 hr and s=0.91. The company currently has 35 drill bits available. What is the probability of striking oil before it runs out of bits?
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