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Thread: should bayes therom be used?

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    should bayes therom be used?




    Seems like a relatively simple question, but I'm missing it:

    There are 25 delinquent accounts in 100 accounts. If I choose 75 accounts out of the 100, what is the probability that I will pick the 25 delinquent accounts in the 75 ?

    thanks much,
    Steve

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    Re: should bayes therom be used?

    This sounds to me like a hypergeometric probability distribution problem. You have a finite population (100 accounts) and a known number of elements (25 delinquent accounts). You take a sample of 75 and you're trying to calculate the probability of getting all 25 elements in your sample of 75 from the finite 100. Please take a look at the formal calculation in a stat book or online. The probability equals [ (25 choose 25)*( (100 - 25) choose (75 - 25) ) ] / (100 choose 25). Hope that makes sense. Good luck!

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    Re: should bayes therom be used?


    spengel's answer is correct. The answer to the question in your title is "no".
    I don't have emotions and sometimes that makes me very sad.

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