Question

In: Statistics and Probability

Attention: I had earlier asked the same but the solution was not clear,Kindly show all the...

Attention: I had earlier asked the same but the solution was not clear,Kindly show all the workings explicitly.

1) Your friend grabs a die at random from a drawer containing two 6 -sided dice,one 8-sided,and one 12-sided die.

She rolls the die once and reports that the result is 7.

a) Make a discrete Bayes table showing the prior ,likelihood,and posterior for the type of die rolled given the data.

b) What are your posterior odds that the die has 12 sides?

c) Given the data of the first roll,what is your probability that the next roll will be a 7?

Solutions

Expert Solution

Solution

Preparatory work

Let S, E and T represent the events that the die picked from the drawer is 6-sided, 8-sided and 12-sided respectively.

Let R represent the event that the result of rolling the selected die is 7.

Since there are 4 dice in the drawer, of which 2 are 6-sided, P(S) = 2/4 = ½ ……………….(1)

Similarly, P(E) = ¼ …………………...........…………………………………..………………...(2)

And P(T) = ¼ ………………………………….............…………………..……………………...(3)

Since rolling of a 6-sided die can result in any one of the six faces, 1 to 6, and 7 is not one of these, P(R/S) = 0…………………………………………………………………........……… .. (4)

Since rolling of a 8-sided die can result in any one of the eight faces, 1 to 8, P(R/E) = 1/8 ..(5)

Similarly, P(R/T) = 1/12 ……………………..........………………………..…..……………….....(6)

Back-up Theory

Conditional Probability and Bayes Theorem

If A and B are two events such that probability of B is influenced by occurrence or otherwise of A, then

Conditional Probability of B given A, denoted by P(B/A) = P(B ∩ A)/P(A)………….….(7)

P(B) = {P(B/A) x P(A)} + {P(B/AC) x P(AC)}…………………………………………...….(8)

If A is made up of k mutually and collectively exhaustive sub-events, A1, A2,..Ak,

P(B) = sum over i = 1 to k of {P(B/Ai) x P(Ai)} …………………………………………...(9)

P(A/B) = P(B/A) x {P(A)/P(B)} [Bayes Theorem]……………………..………………….(10)

Now, to work out the answer,

Connecting the defined terminology and the terminology under Back-up Theory,

S, E and T are same as A1, A2,A3 and R is the same as B.

So, vide (9),

P(R) = {P(R/S) x P(S)} + {P(R/E) x P(E)} + {P(R/T) x P(T)}

= {0 x (½)} + {(1/8) x (¼)}+ {(1/12) x (¼)} [(4) to (6)]

= 5/96 ……………………………………………………………………………………..(11)

Further, vide (10),

P(S/R) ={P(R/S)P(S)}/P(R) = {0 x (½)}/(5/96) = 0 [vide (11)] …………………………(12)

P(E/R) ={P(R/E)P(E)}/P(R) = {(1/8) x (¼)}/(5/96) = 3/5 [vide (11)] ……………………(13)

P(T/R) ={P(R/T)P(T)}/P(R) = {(1/12) x (¼)}/(5/96) = 2/5 [vide (11)] ………………......(14)

Part (a)

Prior likely-hood for 6-sided die = ½ [vide (1)] ANSWER 1

Prior likely-hood for 8-sided die = ¼ [vide (2)] ANSWER 2

Prior likely-hood for 12-sided die = ¼ [vide (3)] ANSWER 3

Posterior for 6-sided die given the result is 7 is 0 [vide (12)] ANSWER 4

Posterior for 8-sided die given the result is 7 is 3/5 [vide (13)] ANSWER 5

Posterior for 8-sided die given the result is 7 is 2/5 [vide (14)] ANSWER 5

Part (b)

Posterior odds that the die has 12 sides = 2/5 [vide (14)] ANSWER 6

Part (c)

Irrespective of the data of the first roll,probability that the next roll will be a 5/96 ANSWER7 [assuming the die is again picked at random from the drawer]

DONE


Related Solutions

Please be very clear in part b) show all steps please. I have trouble understanding that...
Please be very clear in part b) show all steps please. I have trouble understanding that part. Thank you. Whencoin1isflipped,itlandsonheadswithprob- ability .4; when coin 2 is flipped, it lands on heads with probability .7. One of these coins is randomly chosen and flipped 10 times. (a) What is the probability that the coin lands on heads on exactly 7 of the 10 flips? (b) Given that the first of these ten flips lands heads, what is the conditional probability that...
If I had a decrease in Inventory of 2000, and I had to show what the...
If I had a decrease in Inventory of 2000, and I had to show what the effect is on cash flow? Cash Flow would be a +2000, but why is that? If there is a increase in inventory by 2000, It would be -2000, because you had to purchase that inventory to have the increase in inventory, so that's why it's -2000. If that's the reason. However why would a decrease in inventory of 2000, be 2000 in cash flow...
kindly provide a detailed explanation on the solution provided, so that i can solve on my...
kindly provide a detailed explanation on the solution provided, so that i can solve on my own. “Blast it” Said David Wilson, President of Teledex Company. “We’ve just lost the bid on the Koopers job by $2,000. It seems we’re either too high to get the job or too low to make any money on half the jobs we bid”. Teledex Company manufactures products to customers’ specification and operates a job order system. Manufacturing overhead cost is applied to jobs...
When answering these questions, please write them in standard English. I asked this question earlier and...
When answering these questions, please write them in standard English. I asked this question earlier and the answers were all correct, but I had a very hard time understanding what was trying to be said, if you know what I mean. Chapter 9 (Pointers) – Review Questions Short Answer 1.     What does the indirection operator do? 2.     Look at the following code. int x = 7; int *ptr = &x; What will be displayed if you send the expression *ptr...
economics question be clear show steps and solution for rating solve in 40 minutes for rating...
economics question be clear show steps and solution for rating solve in 40 minutes for rating Seven years ago a New Brunswick logging company purchased a used wood chipper for $131,000 for biomass and custom chipping. Operating and maintenance costs averaged $4,000 per year. A complete overhaul at the end of year 4 cost additional $9,000. Annual revenue from using the chipper was $20,000 per year. Calculate the annual worth of the chipper at 7% interest rate (Note: Round your...
I realize similar questions were already asked. These aren't the same questions or the same data...
I realize similar questions were already asked. These aren't the same questions or the same data set. please also explain how to do this in excel. For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12 months are 78, 82, 84, 83, 83, 84, 88, 84, 82, 83, 84, and 83. 1.) Create a three-month moving average forecast against an exponential smoothing forecast with α=.2. 2.) Which forecasting method has the smallest error,...
first of all thankuu and please i dont need theory just clear my concept very clear...
first of all thankuu and please i dont need theory just clear my concept very clear so that i never have problems insolving such questions give me a very brief explanation about volume of solid rotated about a line, x axis ,y axis using shell method washer method and disk method using visual representation of how to choose element area and then limits how we decide i dont need this for any assignments or anything submission type its for my...
service marketing : please show clear solution Estimate and establish a future service strategy for Oman...
service marketing : please show clear solution Estimate and establish a future service strategy for Oman Air, your future strategy should consist of the following five key elements. a. Future markets b. Future strategic partnerships c. Future services d. Diversification e. Innovation (Each Element carries 2 Marks, Total 5*2 = 10 Marks)
Q3. PLEASE SHOW ALL WORKING If any parts of the question use values from earlier parts,...
Q3. PLEASE SHOW ALL WORKING If any parts of the question use values from earlier parts, use the EXACT values from earlier parts. QUESTION START An investor buys 1 share of ABC Ltd at the price of $32 on December 1, 2019. The firm is not expected to pay any dividends. Consider the following three possible scenarios for the share price on December 1, 2020: $50 with a probability of 20% $34 with a probability of 50% $27 with a...
If technology was fully transferable and all countries had the same total factor productivity and all...
If technology was fully transferable and all countries had the same total factor productivity and all workers had the same productivity, what does economic theory predict that would happen between those that have high output per capita and those that have low output per capita? Why? Explain briefly in line with the growth theory you would like to use.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT