(Bivariate Normal Probability). Suppose the amounts of oil (in barrels) lifted on a given day from two...
Fantastic news! We've Found the answer you've been seeking!
Question:
(Bivariate Normal Probability). Suppose the amounts of oil (in barrels) lifted on a given day from two wells are jointly bivariate normal, with means 150 and 200, variances 100 and 25, and correlation .5. What is the probability that the total amount lifted is larger than 400 barrels on any given day? What is the probability that the amounts lifted from the two wells on any day differ by more than 50 barrels?
Related Book For
College Algebra
ISBN: 978-0134697024
12th edition
Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Posted Date: