Mathematics, 06.12.2021 20:40 lizethyyaritza16

A prospector thinks there is an even (50-50) chance that his property contains oil. Any property suspected to have oil can go through two independent tests. The first test is 80% reliable; if there is oil on the property, it reports positive 80% of the time, and it reports negative 80% of the time whenener there is no oil. For the second test, it reports positive 75% of the time when there is oil, as well as reporting positive 50% of the time when there is no oil. Required:
What is the probability the property has oil, given that both tests report positive?

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A prospector thinks there is an even (50-50) chance that his property contains oil. Any property sus...