It is estimated that this research has a 80 chance of

Reference no: EM13627278

The prior probability indicates that there is 50% probability that gold will be found in quantities that would justify an mine in the region. Further research is carried out, and this subsequent research suggests that viable quantities of gold will be found. It is estimated that this research has a 80% chance of giving a correct indication. Revise the geologist's prior probability in light of the research results.

Reference no: EM13627278

Questions Cloud

The national science foundation reports that 70 of the us : the national science foundation reports that 70 of the us graduate students who earn phd degree in engineering are

Find the probability to 3 decimal places that the first : the life times y in years of a certain brand of low-grade lightbulbs follow an exponential distribution with a mean of

What is the return period for this centre rounded to the : a statistical tutorial centre has been designed to handle a maximum of 25 students per day. suppose that the number x

Suppose the proportion x of surface area in a randomly : suppose the proportion x of surface area in a randomly selected quadrat that is covered by a certain plant has a

It is estimated that this research has a 80 chance of : the prior probability indicates that there is 50 probability that gold will be found in quantities that would justify

A team of psychologists studying narcolepsy a sleep : a team of psychologists studying narcolepsy a sleep disorder characterized by sudden nodding off during the day decided

Determine the number of spares that should be provided if : a nascar team goes on tour for six moths. one major piece of equipment for the car is subject to breakdowns cause by

Let x denote the distance m that an animal moves from its : let x denote the distance m that an animal moves from its birth site to the first territorial vacancy it encounters.

If the net payoff net gain is 35 dollars for each dollar : in the movie casablanca rick played by humpy bogart helped a married couple by allowing the husband to win at the

User Account

All Pages