for three persons A B C the chances of being selected as a manager of a firm are in the ratio of 4:1:2 respectively . The respective probability for them to introduce a radical change in marketing strategy are 0.3 0.8 0.5 .If the change does take place then find the probability that it is due to the appointment of B or C
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P(A) = 4/7 P(B) = 1/7 P(C) = 2/7
P(Introduction of Radical change by A)= P(R_A) = 0.3
P(introduction of Radical change by B) = P(R_B) = 0.8
P(introduction of radical change by C) = = P(R_C) = 0.5
Probability that a radical change is introduced in the marketing strategy
P(R) = P(A) * P(R_A) + P(B) * P(R_B) + P(C) * P(R_C)
= 3/7
Now we are given that a radical change R has been introduced. Probability that it is introduced by A is:
P( R_A | R) = P(R_A Π R) / P(R)
This is as per conditional probability - Bayes theorem..
Intersection of the events R_A and R = P(A) * P(R_A) = 0.3 * 4/7 = 1.2/7
So P(R_A | R) = (1.2/7) / (3/7) = 0.4
The complement of this probability is what is asked.
So P[(R_B U R_C) | R ] = 1 - 0.4 = 0.6
we can also compute the above answer by finding
P [ (R_B U R_C) | R] = (1.8/7) / (3/7) = 0.6
P(Introduction of Radical change by A)= P(R_A) = 0.3
P(introduction of Radical change by B) = P(R_B) = 0.8
P(introduction of radical change by C) = = P(R_C) = 0.5
Probability that a radical change is introduced in the marketing strategy
P(R) = P(A) * P(R_A) + P(B) * P(R_B) + P(C) * P(R_C)
= 3/7
Now we are given that a radical change R has been introduced. Probability that it is introduced by A is:
P( R_A | R) = P(R_A Π R) / P(R)
This is as per conditional probability - Bayes theorem..
Intersection of the events R_A and R = P(A) * P(R_A) = 0.3 * 4/7 = 1.2/7
So P(R_A | R) = (1.2/7) / (3/7) = 0.4
The complement of this probability is what is asked.
So P[(R_B U R_C) | R ] = 1 - 0.4 = 0.6
we can also compute the above answer by finding
P [ (R_B U R_C) | R] = (1.8/7) / (3/7) = 0.6
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