Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Two methods A and B are available for teaching a certain industrial skill. The success rate is 80% for A and 90 % for

  

Two methods A and B are available for teaching a certain industrial skill. The success rate is 80% for A and 90 % for B. However, B is more expensive and hence, is used only 30% of the time (A is used for the other 70%). (Bayes) A) If a person is taught the skill by any of these two methods, what is the probability of success? B) A worker is taught the skill by one of the methods but fails (not succeeds) to learn it correctly. What is the probability that he was taught by method A?

Step by Step Solution

3.41 Rating (157 Votes )

There are 3 Steps involved in it

Step: 1

Plmethod A 0 to Placethod 8 030 Psuccess method A p Success ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

13th Edition

9780470374948, 470423684, 470374942, 978-0470423684

More Books

Students also viewed these Accounting questions

Question

How does each element of financial planning affect your cash flows?

Answered: 1 week ago