Use Bayes' Theorem to Find the Indicated Probability

question 67

Multiple Choice

Use Bayes' theorem to find the indicated probability.
-Pierre has three coins one of which is biased so that it turns up tails 60% of the time. If he randomly selects one of the coins, tosses it three times, and obtains three tails, what is the probability that this is the biased coin?

• A) 0.216
• B) 0.498
• C) 0.464
• D) 0.333

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Definitions:

Special Journal

A journal used in accounting to record transactions of a similar type.

General Journal

A primary accounting journal where all types of transactions are initially recorded before being posted to specific accounts in the ledger.

Subsidiary Ledger

A detailed ledger that provides a breakdown of individual transactions affecting a control account in the general ledger, such as accounts receivable or accounts payable.

General Ledger

The master set of accounts that summarize all transactions occurring within an entity, serving as the main accounting record.