# Probability

• October 15th 2008, 06:51 AM
someone21
Probability
The probability is 0.1 of a land containing oil, but before you drill you ask a geologist who will tell if the prospects are good or not good but she is not perfect so If there is no oil, the conditional probability that the prospects are good is 0.9. If there is no oil, the conditional probability that the prospects are not good is 0.85

So given that the prospects are good what is the probability that you will find oil??

Like any tips/tricks in Probability

• October 15th 2008, 05:16 PM
mr fantastic
Quote:

Originally Posted by someone21
The probability is 0.1 of a land containing oil, but before you drill you ask a geologist who will tell if the prospects are good or not good but she is not perfect so

If there is no oil, the conditional probability that the prospects are good is 0.9. Mr F says: Surely you mean "If there is oil, the conditional probability that the prospects are good is 0.9" ......

If there is no oil, the conditional probability that the prospects are not good is 0.85

So given that the prospects are good what is the probability that you will find oil??

$\Pr(O | G) = \frac{(0.1)(0.9)}{(0.1)(0.9) + (0.9)(0.15)}$