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Judgement and decision making

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Judgement and decision making:

An investor will only invest in the development of your ore deposits if you can be 90% certain of a yield. Your geologist estimates, from the geological mapping, that the probability of a yield is 30%. Insitu sampling by bore hole and analysis is about 70% reliable either way. What is the minimum number of insitu samples required to satisfy the investor criteria? Quantify your answer.

Reference no: EM131104492

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