You select a coin at random: 2/3 of the coins are unfair, 1/3 of the coins are
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You select a coin at random: 2/3 of the coins are unfair, 1/3 of the coins are fair. The fair coins are equally likely to flip heads or tails. The unfair coins flip heads 3/4 of the times, and tails 1/4 of the times. You flip the selected coin and get heads or tails. Find (1) the probability that the selected coin is fair given the flip is heads, (2) the probability that the selected coin is fair given the flip is tails, (3) the probability that the selected coin is unfair given the flip is heads, and (4) the probability that the selected coin is unfair given the flip is tails.
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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