Question
Download Solution PDFComprehension
The probabilities that A, B and C become managers are 3/10 1/2 and 4/5 respectively. The probabilities that bonus scheme will be introduced if A, B and C become managers are 4/9, 2/9 and 1/3 respectively.
If the bonus scheme has been introduced, then what is the probability that the manager appointed was B?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFCalculation:
Given,
The probability that A , B , and C become managers are:
\( P(A) = \frac{3}{10}, \, P(B) = \frac{1}{2}, \, P(C) = \frac{4}{5} \)
The conditional probabilities that the bonus scheme is introduced are:
\( P(D|A) = \frac{4}{9}, \, P(D|B) = \frac{2}{9}, \, P(D|C) = \frac{1}{3} \)
We need to find the probability that B is the manager given that the bonus scheme has been introduced using Bayes' Theorem:
\( P(B|D) = \frac{P(D|B)P(B)}{P(D)} \)
First, calculate the total probability P(D) that the bonus scheme is introduced:
\( P(D) = P(D|A)P(A) + P(D|B)P(B) + P(D|C)P(C) \)
Substitute the values:
\( P(D) = \left( \frac{4}{9} \times \frac{3}{10} \right) + \left( \frac{2}{9} \times \frac{1}{2} \right) + \left( \frac{1}{3} \times \frac{4}{5} \right) \)
Simplifying:
\( P(D) = \frac{12}{90} + \frac{2}{18} + \frac{4}{15} \)
Find a common denominator (LCD = 90):
\( P(D) = \frac{12}{90} + \frac{10}{90} + \frac{24}{90} = \frac{46}{90} = \frac{23}{45} \)
Now, use Bayes' Theorem to find P(B|D) :
\( P(B|D) = \frac{P(D|B)P(B)}{P(D)} = \frac{\left( \frac{2}{9} \times \frac{1}{2} \right)}{\frac{23}{45}} \)
Simplifying:
\( P(B|D) = \frac{\frac{2}{18}}{\frac{23}{45}} = \frac{\frac{1}{9}}{\frac{23}{45}} = \frac{5}{23} \)
The probability that the manager appointed was B , given that the bonus scheme has been introduced, is 5/23.
Hence, the correct answer is Option 1.
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