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

  Time value so important to a finance manager

Why is the time value so important to a finance manager?

  Which has an expected return equal to the risk-free rate

Is it possible to construct a portfolio of stocks which has an expected return equal to the risk-free rate?

  A firm has a profit margin of 55 and an equity multiplier

a firm has a profit margin of 5.5 and an equity multiplier of 2.4. its sales are 140 million and it has total assets

  What will the cash flows for this project be

The truck will have no effect on revenues, but it is expected to save the firm $23,600 per year in before-tax operating costs, mainly labor. The firm's marginal tax rate is 34 percent.

  Use the gasoline sales time series data from table to show

use the gasoline sales time series data from table to show the exponential smoothing forecasts using a 0.1. using the

  Explain a potential solution to your dilemma

Explain A potential solution to your dilemma. Your conclusion on the case study. Provides a minimum of two sources. Paper is formatted and cited using APA formatting style.

  Changes in slope of yc and economic prospects

Changes in Slope of YC and Economic Prospects - Construct yield curves and Unemployment rate and building approvals indicators.

  What would be your estimate of equity beta for frim a

If you find that equity beta is different between Frim A and its comparable firm in (a), how would you explain the difference? If you expect no difference explain why they are not different.

  What are the expected future one year rates starting

According to the expectations theory of the term structure, what are the expected future one year rates starting at the end of years 2,3,4 and 5?

  Average annual inflation rate expected by investors

estimate the average annual inflation rate expected by investors over the life of the thirty- yr bond.

  Jiminy cricket removal has a profit margin of 9 percent

jiminy cricket removal has a profit margin of 9 percent total asset turnover of 1.15 and roe of 14.31

  Estimate the capital required under basel i for a bank that

estimate the capital required under basel i for a bank that has the following transactions with another bank. assume no

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