Question: Task 1: An experienced petroleum engineer with solid knowledge on production of a particular basin is required to give his expert opinion about the possible

Task 1: An experienced petroleum engineer with solid knowledge on production of a particular basin is required to give his expert opinion about the possible EUR that a programmed well could have In a field poorly Informed of this basm. The engineer's response was given In probabilistic terms as follows: Probability EUR (MMBls) so-wo 0.10 100-150 0.05 150200 a) Determine the relative frequency histogram. b) Determine the complementary or inverse cumulative frequency histogram. c) Propose a discrete random variable that summarizes the engineer analysis in a finite number of events. d) What is the probability of getting a EUR value bigger than 80 MMBls? Justify your

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

I need someone that is very good at Principles of accounting and finance to answer the attached questions. It is not a one-day job therefore if you do not have the time, please don't attempt it. The...

Who qualifies as an expert witness? 100 - 150 Words 13 DOCUMENTING AND PRESENTING THE CASE INTRODUCTION This chapter will explain how to pull everything together into a coherent report, and then,...

The HamilGine Piston Decision This case addresses many issues that affect insourcing/outsourcing decisions. A complex and important topic facing businesses today is whether to produce a component,...

Paraphrase the situations in Toyota, Nissan and Honda. From Case Studies at Toyota, Nissan and Honda! 286 M. Sake 3. Case Studies at Toyota, Nissan and Honda 3.1 Toyota Toyota is noted for two things...

Please answer questions 1-6! GREEN CAST, INC. Green Cast, Inc. produces and sells a line of ovemware (Oven-Sate Classic) that goos from oven (conventional or microwave) to the refigerator without...

Post-mortem of the first phase: How was the project team managed and is the project teams pace sustainable in the longer run? BOMBARDIER CASE STUDY IS IN MY PREVIOUS QUESTION This case presents two...

Post-mortem of the first phase: 4. How were the new roles defined, communicated, understood? This case presents two phases of a large business transformation project involving the implementation of...

Post-mortem of the second phase: What were the strong points in the second implementation process what areas needed improvements? This case presents two phases of a large business transformation...

Post-mortem of the first phase: How should a vision be communicated? This case presents two phases of a large business transformation project involving the implementation of an ERP system with the...

Briefly describe the characteristics of each of the following: IRA, UTF-8, and Unicode.

Let P(1, x?), Q(3, 4), P (4, 5), and Q1(6, 1). Find all possible values of x R such that PQ =P;Q1

Apple ends their fiscal year or the last Saturday in September. In 2 0 6 3 , which date will end Apple's fiscal year? Apple ends their fiscal year or the last Saturday in September. In 2 0 6 3 ,...

in operations management, what major trends and developments are retailers facing? 1 3 3 4 6 3 6 5 9 0 3 1 3 1 1 7 7 1