This problem is just like the Guidebook, you merely enter the numbers as
given into the equation; $400M sidetrack, $100M cost of fish, $50
daily cost of rig and fishing. Then apply the even-money risk factor of
50%. Note these problems can get a lot more complex. Don't let that
worry you, just follow the logic and keep the basic equation intact.
[($400M+$100M)/($40M+$10M)]0.5 = $500M/$50M[0.5] = 5 days.
Hi David,
ReplyDeleteI read in another comment thread that this question is supposed to be similar to #38 in your 2016 practice exam. However, even after updating my kindle version, the correct answer still shows up as (B) 9.8 days, as if the 50% risk factor was never applied.
I have been currently viewing all the practice exams through the Kindle Cloud Reader on my laptop browser. I also verified that I have automatic updates enabled. Should the answer choices for #38 have changed since I first downloaded this in 2016?