A student answers a multiple-choice examination question that offers four possible answers. Suppose the probability that the student knows the answer to the question is 0.6 and the probability that the student will guess is 0.4. Assume that if the student guesses, the probability of selecting the correct answer is 0.25. If the student correctly answers a question, what is the probability that the student really knew the correct answer? (Round your answer to four decimal places.)

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A student answers a multiple-choice examination question that offers four possible answers. Suppose the probability that the student knows the answer to the question is 0.6 and the probability that the student will guess is 0.4. Assume that if the student guesses, the probability of selecting the correct answer is 0.25. If the student correctly answers a question, what is the probability that the student really knew the correct answer? (Round your answer to four decimal places.)

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