See "Bayes Theorem" and related posts on TalkStats. P(fault) = .05 = 1- P(no fault). P(favorable | no fault) = .8, P(favorable | fault) = .25. You seek P(fault|favorable).
Robert is a
Last edited by sahilkthr; 11-06-2008 at 09:45 AM. Reason: spelling mistake
See "Bayes Theorem" and related posts on TalkStats. P(fault) = .05 = 1- P(no fault). P(favorable | no fault) = .8, P(favorable | fault) = .25. You seek P(fault|favorable).
We are looking for P (default / favorable) = 0.05 * 0.8 + 0.95 * 0.25 = 0.2775.
Is the answer correct?? Please advise.. Thanks for your guidance and suggestion
What does Bayes Theorem tell you about P(fault|favorable)?
Ok, my earlier answer was wrong, further study on Bayes theorem Gives me the following answer.
now let me know if its correct.. Am almost 100% sure that its correct...let me know if otherwise, thaks for your hints...
Last edited by sahilkthr; 11-06-2008 at 09:45 AM.
hi zmogggggggggg, can u please verify if the answer is rite?
looks good!
thnx buddy
can i ask u for more questions, if you dont mind?
Sure go ahead
helloooooo
Last edited by sahilkthr; 11-06-2008 at 09:45 AM.
thanks, after this hint, i think i will be able to solve it, will post the correct answer for your verification
1 more question
On an average 240 airplanes arrive in the O’Hare airport in an hour. What is the probability that
(i) at least one airplane arrives during a ten-minute time span?
(ii) No planes arrive during a 10-minute time span?
(iii) No more than four airplanes arrive during a ten-minute time span?
I think we have to use Poisson Distribution over here, but what is mean here for a 10 minute time span, not able to get it. can you provide me with the hint.
Thanks... Appreciate your help
zmoggggg can u provide hint for the following
On an average 240 airplanes arrive in the O’Hare airport in an hour. What is the probability that
(i) at least one airplane arrives during a ten-minute time span?
(ii) No planes arrive during a 10-minute time span?
(iii) No more than four airplanes arrive during a ten-minute time span?
I think we have to use Poisson Distribution over here, but what is mean here for a 10 minute time span, not able to get it. can you provide me with the hint.
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