Let E1=5 or 6 appears on a die,E2=1,2,3 or 4 appears on a die and A=A head appears on the coin.
Now P(E1)=\(\frac{2}{6}\)=\(\frac{1}{3}\),P(E2)=\(\frac{4}{6}\)=\(\frac{2}{3}\)
Now P(A|E1)Probability of getting a head on tossing a coin three times,
When E1 has already occurs=P(HTT)or P(THT)or P(TTH)
\(=\frac{1}{2}\times\frac{1}{2}\times\frac{1}{2}+\frac{1}{2}\times\frac{1}{2}\times\frac{1}{2}+\frac{1}{2}\times\frac{1}{2}\times\frac{1}{2}=\frac{3}{8}\)
P(A|E2)=Probability of getting a head on tossing a coin once,
When E2 has already occured=\(\frac{1}{2}\)
∴P(there is exactly one head given that 1,2,3 or 4 appears on a die)
\(P(E_2|A)=\frac{P(E_2)P(A|E_2)}{P(E_1)P(A|E_1)+P(E_2)P(A|E_2)}\)
\(=\frac{\frac{2}{3}\times\frac{1}{2}}{\frac{1}{3}\times\frac{3}{8}+\frac{2}{3}\times\frac{1}{2}}\)\(=\frac{\frac{1}{3}}{\frac{1}{8}+\frac{1}{3}}\)\(=\frac{24}{3}\times11\)=\(\frac{24}{33}\)=\(\frac{8}{11}\)
Rupal, Shanu and Trisha were partners in a firm sharing profits and losses in the ratio of 4:3:1. Their Balance Sheet as at 31st March, 2024 was as follows:
(i) Trisha's share of profit was entirely taken by Shanu.
(ii) Fixed assets were found to be undervalued by Rs 2,40,000.
(iii) Stock was revalued at Rs 2,00,000.
(iv) Goodwill of the firm was valued at Rs 8,00,000 on Trisha's retirement.
(v) The total capital of the new firm was fixed at Rs 16,00,000 which was adjusted according to the new profit sharing ratio of the partners. For this necessary cash was paid off or brought in by the partners as the case may be.
Prepare Revaluation Account and Partners' Capital Accounts.
Bayes’ Theorem is a part of the conditional probability that helps in finding the probability of an event, based on previous knowledge of conditions that might be related to that event.
Mathematically, Bayes’ Theorem is stated as:-
\(P(A|B)=\frac{P(B|A)P(A)}{P(B)}\)
where,
This formula confines well as long as there are only two events. However, Bayes’ Theorem is not confined to two events. Hence, for more events.