Three machines produce 60%, 30%, 10% of items with defect rates 2%, 3%, 4%. If an item is defective, probability it came from the third machine is: MCQ with Answer and Explanation

Three machines produce 60%, 30%, 10% of items with defect rates 2%, 3%, 4%. If an item is defective, probability it came from the third machine is:
A. 0.10
B. 0.25
C. 0.16
D. 0.04
Answer: Option C
Solution (By JKExamLibrary)
P(D) = 0.6×0.02 + 0.3×0.03 + 0.1×0.04 = 0.012+0.009+0.004=0.025. P(M3|D) = 0.004/0.025 = 0.16.

This question belongs to: Accountancy and Statistics Statistics

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Question #1 Report Error
Bayes' theorem is expressed as P(A|B) = [P(B|A) × P(A)] / P(B). Here, P(A) is called the:
A. Marginal probability
B. Likelihood
C. Prior probability
D. Posterior probability

Correct Answer: Option C


Explanation:
In Bayesian inference, P(A) is the prior probability, representing initial belief about hypothesis A before observing evidence B; P(A|B) is the updated posterior probability.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
Two dice are rolled. The probability of getting a doublet is:
A. 1/36
B. 1/6
C. 1/12
D. 1/3

Correct Answer: Option B


Explanation:
Doublets are (1,1), (2,2), (3,3), (4,4), (5,5), (6,6). Total 6 outcomes out of 36. Prob = 6/36 = 1/6.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
In a frequency distribution, if the mean is 50, median is 48, and mode is 45, the distribution is likely:
A. Positively skewed
B. Bimodal
C. Symmetrical
D. Negatively skewed

Correct Answer: Option A


Explanation:
In a positively skewed distribution, mean > median > mode due to the pull of extreme high values; here, 50 > 48 > 45 aligns with this pattern, indicating right-skewness.

This question belongs to: Accountancy and Statistics Statistics