I had an exam today and I'm pretty sure I did ok on it except one question.
The problem went something like this, I don't remember the except numbers but...
A store is selling 4 types of VCR; V1, V2, V3 and V4. 40% buy a V1, 30% buy a V2, 20% buy a V3, and 10% buy a V4. The store will fix your VCR if it breaks in less than a year. The probability that a V1 will break is 0.10, V2 0.08, V3 0.05 and a V4 is 0.02. A man buys a VCR. What is the probability that the VCR he buys breaks and is not a V1?
So the way I did it:
I created a tree...
-------- 0.4 V1 ------------ 0.10
---------0.3 V2---------------0.08
----------0.2 V3-----------0.05
------------0.1 V3 ----------0.02
[(0.3)(0.08) + (0.2)(0.05) + (0.1)(0.02)] / [(0.4)(0.10) + (0.3)(0.08) + (0.2)(0.05) + (0.1)(0.02)] = 0.4736
was I even close to getting it right?
The problem went something like this, I don't remember the except numbers but...
A store is selling 4 types of VCR; V1, V2, V3 and V4. 40% buy a V1, 30% buy a V2, 20% buy a V3, and 10% buy a V4. The store will fix your VCR if it breaks in less than a year. The probability that a V1 will break is 0.10, V2 0.08, V3 0.05 and a V4 is 0.02. A man buys a VCR. What is the probability that the VCR he buys breaks and is not a V1?
So the way I did it:
I created a tree...
-------- 0.4 V1 ------------ 0.10
---------0.3 V2---------------0.08
----------0.2 V3-----------0.05
------------0.1 V3 ----------0.02
[(0.3)(0.08) + (0.2)(0.05) + (0.1)(0.02)] / [(0.4)(0.10) + (0.3)(0.08) + (0.2)(0.05) + (0.1)(0.02)] = 0.4736
was I even close to getting it right?