there are two beaches in the world with red pearls on them. Beach 1 “Poor” has approximately one red pearl per square 100 meters, Beach 2 “rich” has approximately 5 red pearls per square 100 meters. You are ship wrecked, and you wake up on a beach. Given the currents and where you wrecked, you have probability 1/3 of being on “rich” and 2/3 of being on “poor”. You such a 10 meter by 10 meter square around you and find 3 pearls What do you estimate your probability of being on rich now?

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The problem can be solved using Bayes Theorem which is a fundamental concept in probability theory B... View the full answer