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Solution Question 7.15

# Solution Question 7.15 - EMGT 269 Elements of Problem...

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EMGT 269 – Elements of Problem Solving and Decision Making Solution by Instructor: Dr. J. Rene van Dorp SOLUTION QUESTION 7.15: Julie Myers, a graduating senior in accounting, is preparing for an interview with a Big Eight accounting firm. Before the interview, she sets her chances of eventually getting an offer at 50%. Then, on thinking about her friends who have interviewed and gotten offers from this firm, she realizes that of the people who have interviewed and gotten offers from this firm, 95% had good interviews. On the other hand, of those who did not receive offers , 75% said they had good interviews. If Julie Myers has a good interview, what are her chances of receiving an offer? SOLUTION: From the text we conclude: Pr(Offer) = 0.50, Pr(Good Interview| Offer) = 0.95, Pr(Good Interview| No Offer) = 0.75

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EMGT 269 – Elements of Problem Solving and Decision Making Solution by Instructor: Dr. J. Rene van Dorp We want to know: Pr(Offer| Good Interview). The solution uses Bayes
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Solution Question 7.15 - EMGT 269 Elements of Problem...

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