
This question looks simple on face but i am not able to deduce the approach.
A tool is developed by the company and after many uses following status has been established.
1% of the transactions marked by the tool as erroneous were actually correct.
1% of the transactions marked by the tool as good transactions were actually erroneous.
If the entry marked by the tool is errorneous, find the probability that it is actually erroreneous?
If the entry marked by the tool is error free, find the probability that is actually free?
If the entry marked by tool is error free, find the probability that it is actually erroneous?
This question looks simple on face but i am not able to deduce the approach.
A tool is developed by the company and after many uses following status has been established.
1% of the transactions marked by the tool as erroneous were actually correct.
1% of the transactions marked by the tool as good transactions were actually erroneous.
If the entry marked by the tool is errorneous, find the probability that it is actually erroreneous?
If the entry marked by the tool is error free, find the probability that is actually free?
If the entry marked by tool is error free, find the probability that it is actually erroneous?




