Of all the cabs, 85 percent are blue and the rest are green. A cab identified in
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Of all the cabs, 85 percent are blue and the rest are green. A cab identified in a hit-and-run accident is identified as green. People can correctly identify the color of a cab 80 percent of the time. When surveyed, most Stanford students thought there was an 80 percent chance the cab is actually green. Do you agree?
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To determine whether the conclusion of the Stanford students is correct we need to calculate the pro...View the full answer
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Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
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