Question
Use the multiplication principle to calculate the probabilities of all the outcomes. You purchase Brand X memory chips one quarter of the time and Brand
Use the multiplication principle to calculate the probabilities of all the outcomes.
You purchase Brand X memory chips one quarter of the time and Brand Y memory chips the rest of the time. Brand X memory chips have a1% failure rate, while Brand Y memory chips have a3% failure rate.
P(Buy X and it fails)=
P(Buy X and no failure)=
P(Buy Y and it fails)=
P(Buy Y and no failure)=
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Making Hard Decisions with decision tools
Authors: Robert Clemen, Terence Reilly
3rd edition
538797576, 978-0538797573
