Question: Ace Machine Works estimates that the probability its lathe tool is properly adjusted is 0.8. When the lathe is properly adjusted, there is a 0.9

Ace Machine Works estimates that the probability its lathe tool is properly adjusted is 0.8. When the lathe is properly adjusted, there is a 0.9 probability that the parts produced pass inspection. If the lathe is out of adjustment, however, the probability of a good part being produced is only 0.2. A part randomly chosen is inspected and found to be acceptable. At this point, what is the posterior probability that the lathe tool is properly adjusted?

Step by Step Solution

★★★★★

3.28 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

P adjusted 08 P not adjusted 02 P pass adjusted 09 P pass not adjusted 02 P adjusted and pass P ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

162-M-S-P (539).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

A home products manufacturer estimates that the probability of being sued for product defects is 1% per year per product manufactured. If the firm currently manufactures 20 products, what is the...

A financial analyst estimates that the probability that the economy will experience a recession in the next 12 months is 25%. She also believes that if the economy encounters a recession, the...

Akbar Overgrowth, from Exercise 27, estimates that the probability of a good growing season is 0.70. On that basis, In Exercise 27 KickGrass Lawncare is a service that cares for lawns in a large,...

please explain this with excel dc all team, ed to con- me team's crowd to :2-23 Ace Machine Works estimates that the probability its lathe tool is properly adjusted is 0.8. When the lathe is properly...

Question 1: Probability concepts and application [20] 1.1 .Consider the following random statement: \"I'm 110% sure that I will complete my MBA degree in 2022\" Using the basic laws of probability,...

: 2-23 Ace Machine Works estimates that the probability its lathe tool is properly adjusted is 0.8. When the lathe is properly adjusted, there is a 0.9 probability that the parts produced pass...

23 Ace Machine Works estimates that the probability their lathe tool is properly adjusted is 0.8. When the lathe is properly adjusted, there is a 0.9 probability that the parts produced pass...

Create charts to better understand data sets. For cross-sectional data, use a scatter chart. For time series data, use a line chart. Linear y = a + bx Logarithmic y = ln(x) Polynomial (2nd order) y =...

Planning Demand and Supply in a Supply Chain Capacity Planning and Assignment 1 utdallas.edu/~metin Outline Capacity Planning Product-to-plant Assignment utdallas.edu/~metin 2 Deterministic Capacity...

A 1.87-g sample of Mg reacts with 80.0 mL of a HCl solution whose pH is 20.544. What is the pH of the solution after all the Mg has reacted? Assume constant volume.

The trial balance as of July 31 commaJuly 31, 20182018, for Susan Smith comma, Registered DieticianSusan Smith, Registered Dietician, is presented below The trial balance as of July 31, 2018, for...

Balance sheet for Fictional Third Bank Question 7 0 . 5 4 pts Refer to the balance sheet for Fictional Third Bank. Calculate rate sensitive assets.

36. Phone surveys Any time we conduct a survey, we must take care to avoid undercoverage. Suppose we plan to select 500 names from the city phone book, call their homes between noon and 4 p.m., and...

5-36 The unemployment rates in the United States during a 10-year period are given in the following table. Use exponential smoothing to find the best forecast for next year. Use smoothing constants...

(c) Compare the slope of the trend line in part (a) to the slope in the trend line for the decomposition model that was based on the deseasonalized sales figures. Discuss why these are so different...

(b) Use the multiplicative decomposition model to incorporate both trend and seasonal components into the forecast. What does the slope of this line indicate?

Problem 1 0 - 9 Calculating Auto Liability Claim Coverage [ LO 1 0 - 5 ] Becky has 2 5 / 5 0 / 5 automobile insurance coverage. If two other people are awarded $ 2 7 , 0 0 0 each for injuries in an...

help in question The random variables X and Y have the following joint probability density function r: 1 1

A firm is in a deal to be bought for $ 1 0 0 in cash; current price is at $ 9 8 . ABC announces that earnings for the year will be 5 % higher than previously expected. what would be the stock price?