SOLUTION: ?????
If one check in 10,000 is forged, 3% of all checks are postdated, and 70% of forged checks are postdated, find the probability that a postdated check is forged.(to five deci
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Question 472071: ?????
If one check in 10,000 is forged, 3% of all checks are postdated, and 70% of forged checks are postdated, find the probability that a postdated check is forged.(to five decimal places.)
Answer by edjones(8007) (Show Source): You can put this solution on YOUR website!
Out of 100,000 checks 10 are forged and 7 of the 10 are post dated.
Out of 100,000 checks 3,000 are post dated.
7/3000=.00233 the probability that a postdated check is forged.
.
Ed
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