At a toy factory, 34% of all the produced toys go through an automated camera-based inspection and 25% of the toys go through manual inspection. Each toy either goes through only one of those inspections or is not inspected at ll. In other words, the remaining 41% otf the toys are not inspected, it is known that toys that are inspected automatically have no defects with probability 0.90 and toys that are inspected manually have no defects with probability 0.92. Manufactured toys that do not go through an inspection have no defects with probability 0.73. a. What is the probability that a randomly bought toy in a store, which is a product of this factory, is defective? b. A customer buys a toy manufactured at this factory and finds defects in it. What is the probability that this toy went through an automated camara- básed inspection?
Compound Probability
Compound probability can be defined as the probability of the two events which are independent. It can be defined as the multiplication of the probability of two events that are not dependent.
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Probability theory is a branch of mathematics that deals with the subject of probability. Although there are many different concepts of probability, probability theory expresses the definition mathematically through a series of axioms. Usually, these axioms express probability in terms of a probability space, which assigns a measure with values ranging from 0 to 1 to a set of outcomes known as the sample space. An event is a subset of these outcomes that is described.
Conditional Probability
By definition, the term probability is expressed as a part of mathematics where the chance of an event that may either occur or not is evaluated and expressed in numerical terms. The range of the value within which probability can be expressed is between 0 and 1. The higher the chance of an event occurring, the closer is its value to be 1. If the probability of an event is 1, it means that the event will happen under all considered circumstances. Similarly, if the probability is exactly 0, then no matter the situation, the event will never occur.
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