Question: Consider the well failure data given below. Use Bayes theorem to calculate the probability that a randomly selected well is in the gneiss group given

Consider the well failure data given below. Use Bayes€™ theorem to calculate the probability that a randomly selected well is in the gneiss group given that the well has failed. 

Wells Failed Geological Formation Group Total Gneiss 170 1685 Granite 28 Loch raven schist 443 3733 Mafic 363 14 29 Marb

Wells Failed Geological Formation Group Total Gneiss 170 1685 Granite 28 Loch raven schist 443 3733 Mafic 363 14 29 Marble 309 Prettyboy schist 60 1403 Other schists 46 933 Serpentine 39

Step by Step Solution

3.42 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Let A denote the event that a well is failed Let B d... View full answer

blur-text-image
Question Has Been Solved by an Expert!

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

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Applied Statistics and Probability Questions!