A construction company employs three sales engineers. Engineers 1, 2, and 3 estimate the costs of 30%,
Question:
P(error|E1) = .01, P(error|E2) = .03, and P(error|E3) = .02
a. If a particular bid results in a serious error in estimating job cost, what is the probability that the error was made by engineer 1?
b. If a particular bid results in a serious error in estimating job cost, what is the probability that the error was made by engineer 2?
c. If a particular bid results in a serious error in estimating job cost, what is the probability that the error was made by engineer 3?
d. Based on the probabilities, parts a-c, which engineer is most likely responsible for making the serious error?
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Related Book For
Statistics For Business And Economics
ISBN: 9780321826237
12th Edition
Authors: James T. McClave, P. George Benson, Terry T Sincich
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