An oil company purchased an option on land in Alaska. Preliminary geologic studies assigned the following prior probabilities. After 200 feet of drilling on the first well, a soil test is taken. The probabilities of finding the soil identified by the test follow. [ P (high-quality oil / soil) = ………………………….. Note: use Bay’s theorem in this part.
Read DetailsAn oil company purchased an option on land in Alaska. Preliminary geologic studies assigned the following prior probabilities. After 200 feet of drilling on the first well, a soil test is taken. The probabilities of finding the soil identified by the test follow. [ P (no oil / soil) = ………………………….. Note: use Bay’s theorem in this part.
Read Detailsuppose a student has to appear for two tests. The probability that he will pass the first test is 0.7. If he passes the first test, the probability that he passes the second test is 0.8. Furthermore, if he fails the first test, the probability that he passes the second test is 0.6. A shows ……………………………(Take two digits after the decimal point)
Read Detailsuppose a student has to appear for two tests. The probability that he will pass the first test is 0.7. If he passes the first test, the probability that he passes the second test is 0.8. Furthermore, if he fails the first test, the probability that he passes the second test is 0.6. B shows ……………………………(Take two digits after the decimal point)
Read Details