Strike It Rich Is a Gold Mining Company That Is

question 27

Essay

Strike It Rich is a gold mining company that is attempting to decide whether to invest in a particular site.The probability that the site has gold is 0.50.In order to obtain more information about the potential presence of gold,the company has hired a geologist to analyze the soil.Past history indicates that there is a 60% chance that the geologist's test is positive given the presence of gold and a 35% chance that the test is positive given the absence of any gold.What is the probability of the presence of gold given that the geologist's test yielded a positive result? Use Bayes' theorem to compute this posterior probability.

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Definitions:

For Each

A loop construct used to iterate over elements in a collection or array, typically without needing to use indices.

Array Length

The number of elements an array can hold, often accessed with a property or method depending on the programming language, such as length in Java.

Numbers.length

In programming, this typically refers to a property that provides the number of elements or length of an array named "Numbers."

Variables Value

A variable's value is the specific data or information that the variable holds in memory at any given time during a program's execution.