Recent content by hildanhk

I am try to use the formula and plug the numbers in. But I could not get the correct answers. P(A|B)= P(B|A)P(A)/P(B|A)P(A)+P(B|A')P(A') For example, I put P(good economy| prediction of good economy)= 0.8*0.6/0.8*0.6+0.9*0.6= 0.51 But the answer should be 0.923

Two states of nature exist for a particular situation: a good economy and a poor economy. An economic study may be performed to obtain more information about which of these will actually occur in the coming year. The study may forecast either a good economy or a poor economy. Currently there is...