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Category > Statistics Posted 26 May 2017 My Price 7.00

Currency A dollar-bill changer in a snack machine was tested with 100 $1-bills

Currency A dollar-bill changer in a snack machine was tested with 100 $1-bills. Twenty-five of the bills were counterfeit. The results of the test are shown in the chart at the right.

 

a. What is the probability that a bill accepted by the changer is legal?

b. What is the probability that a bill is rejected given that it is legal?

c. What is the probability that a counterfeit bill is not rejected?

Answers

(8)
Status NEW Posted 26 May 2017 12:05 PM My Price 7.00

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file 1495801465-Answer.docx preview (115 words )
C-----------urr-----------enc-----------y A----------- do-----------lla-----------r-b-----------ill----------- ch-----------ang-----------er -----------in -----------a s-----------nac-----------k m-----------ach-----------ine----------- wa-----------s t-----------est-----------ed -----------wit-----------h 1-----------00 -----------$1------------bil-----------ls.----------- Tw-----------ent-----------y-f-----------ive----------- of----------- th-----------e b-----------ill-----------s w-----------ere----------- co-----------unt-----------erf-----------eit-----------. T-----------he -----------res-----------ult-----------s o-----------f t-----------he -----------tes-----------t a-----------re -----------sho-----------wn -----------in -----------the----------- ch-----------art----------- at----------- th-----------e r-----------igh-----------t. ----------- a.----------- Wh-----------at -----------is -----------the----------- pr-----------oba-----------bil-----------ity----------- th-----------at -----------a b-----------ill----------- ac-----------cep-----------ted----------- by----------- th-----------e c-----------han-----------ger----------- is----------- le-----------gal-----------? -----------b. -----------Wha-----------t i-----------s t-----------he -----------pro-----------bab-----------ili-----------ty -----------tha-----------t a----------- bi-----------ll -----------is -----------rej-----------ect-----------ed -----------giv-----------en -----------tha-----------t i-----------t i-----------s l-----------ega-----------l? ----------- c.----------- Wh-----------at -----------is -----------the----------- pr-----------oba-----------bil-----------ity----------- th-----------at -----------a c-----------oun-----------ter-----------fei-----------t b-----------ill----------- is----------- no-----------t r-----------eje-----------cte-----------d? ----------- -----------Ans-----------wer----------- T-----------han-----------k y-----------ou -----------for----------- yo-----------ur
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