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This subject related to decision making analysis King Fahd University of Petroleum and Minerals College of Environmental designs Construction Engineering & Management Department Q3. Fateema

This subject related to decision making analysis

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King Fahd University of Petroleum and Minerals College of Environmental designs Construction Engineering & Management Department Q3. Fateema is preparing for an interview with a Big Eight accounting firm. Before the interview. she sets her chances of eventually getting an offer at 50%. Then, on thinking about her friends who have interviewed and gotten offers from this firm, she realizes that of the people who have interviewed and received offers from this firm, 95% had good interviews. On the other hand, of those who did not receive offers. 75% said they had good interviews. If Fateema has a good interview, what is her chance of receiving an offer? [Hints: Use Bayes probability equation]. (6 marks)

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