An oil company purchased an option on land in Alaska. Preliminary geologie studies assigned the following prior probabilities P(high-quality oil) 0.45 P(medium-quality oil) 0.25 P(no oil) -0.30 . What is the probability of finding oil (to 2 decimalny? 0.90 b. After 200 feet of arms on the first wait, solltest is taken. The probabilities of finding the particular type of your entitled by the test are over below P(sobigh-quality of) 0.25 Pool medium-pality oll) - 0.80 Pollo oll) -0.25 Given the soil found in the test, use Bayes' theorem to compute the following revived probablubes (to & deciman). Phigh-quality oil soil) 0.2160 Pmedium-quality of all 0.571 Polol) 0.171 What is the new probability of finding of decima? 0.823 According to the revised be, what is the sofa that is mostly to the found? Medium