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Mathematics, 18.07.2019 22:20 pr47723

The bnt drilling company is planning to drill an oil well at a certain location in bacoor, cavite. according to analysis, there is 30% chance of hitting oil, a 20% chance of hitting gas, a 10% chance of hitting a combination well and a 40% chance of hitting an empty well. it is estimated that the net return would be p950,000 for an oil well, p600,000 for a gas well, p1,500,000 for a combination well, and a loss of p300,000 for an empty well. find the expected value?

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