Please help me with this problem:
An oil-prospecting firm plans to drill 2 exploratory wells. Past evidence shows that the probability that neither well produces oil is 0.8; the probability that exactly one well produces oil is 0.18; and the probability that both wells produces is 0.02. What is the probability that at most one well produces oil? At least one?
Welcome to the forum.
What is the probability that at most one well produces oil?
That can mean 0 or 1 so
.8 + .18 = .98
At least one?
That means 1 or 2 which is the complement of none.
1 - .8 = .2
If it ain't broke, fix it until it is.
Thank you very much!
Following the manner on how you solve the problem, I realized that the first question could also be answered by
getting the complement/not the probability of both wells producing oil: