Question: Solve the exercise calculations step by step, please. 1. In drilling wells in a certain type of terrain, an oil company finds that the depth

Solve the exercise calculations step by step, please. Solve the exercise calculations step by step, please. 1. In drilling wells

1. In drilling wells in a certain type of terrain, an oil company finds that the depth to which it can drill before changing drill bits is given by the relationship Qi=300Tdas, where Qc= cumulative meters, Td= drilling time. days. Drilling cost are $4250/ day. It requires 18h to install a new drill bit at a total cost of $10,500. Find the optimum cycle time for the minimum monthly cont at a drilling rate of 2000m/month by using the Fibonacei search technique when n=6 within an interval of 1 to 4 days

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