P(Hardware problem) = 0.1
P(Software problem) = 0.6
P(Other problem) = 0.3
P(Printer failure | Hardware problem) = 0.9
P(Printer failure | Software problem) = 0.2
P(Printer failure | Other problem) = 0.5
In order to determine the most likely cause of printer failure ,we need to determine
i) P( Hardware problem | Printer failure)
Using Bayes theorem, this is equal to
(0.9*0.1) / [ (0.9*0.1)+(0.2* 0.6) + (0.5*0.3) ]
= 0.09 / (0.09 + 0.12+0.15)
= 0.09 / 0.36
=9/36
ii) P( Software problem | Printer failure)
Using Bayes theorem, this is equal to
(0.2*0.6) / [ (0.9*0.1)+(0.2* 0.6) + (0.5*0.3) ]
= 0.12 / (0.09 + 0.12+0.15)
= 0.12 / 0.36
=12/36
iii) P( Other problem | Printer failure)
Using Bayes theorem, this is equal to
(0.5*0.3) / [ (0.9*0.1)+(0.2* 0.6) + (0.5*0.3) ]
= 0.15 / (0.09 + 0.12+0.15)
= 0.15 / 0.36
=15/36
Thus,we can see that the most likely cause in other problem
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And there was a buy-sell arrangement which laid out the
conditions under which either shareholder could buy out the other.
Paul knew that this offer would strengthen his financial
picture…but did he really want a partner?It was going to be a long
night.
read the case study above and answer this question
what would you do if you were Paul with regards to financing,
and why?
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