Homework Soursewhat are the proved P90 oil reserves for a normal distributi
what are the proved P90 oil reserves for a normal distribution of oil reserves with mean =250 MMSTBO and standard devaition = 30 MMSTBO
what are the proved P90 oil reserves for a normal distribution of oil reserves with mean =250 MMSTBO and standard devaition = 30 MMSTBO
what are the proved P90 oil reserves for a normal distribution of oil reserves with mean =250 MMSTBO and standard devaition = 30 MMSTBO
Solution
Proved reserves P90 are given by the formula
P90 = mean - 1.28 x(Std. Dev)
= 250 - 1.28 (30)
= 211.6 MMSTBO
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