You wish to test out two slot machines (Machine 1 and 2). One is "good", i.e. offers better chances of winning, and the other is "bad". You do not know which is which as both are identical, the probability of playing either the "good" or "bad" is 50%.
The probability of winning on the “good” machine is 1/2 and the probability of winning on the “bad” machine is 1/3. What is the probability that Machine 2 is “Good” given you won playing on Machine 1?
ANSWER CHOICES
- 0.3
- 0.4
- 0.5
- 0.6
- 0.7
MY SOLUTION SO FAR...
1# Since each machine is equally likely to be the “good” machine we can express this as...
P(M1 is Good)=P(M2 is Bad)=1/2
P(M1 is Good)=P(M2 is Bad)=1/2
P(M1 is Bad)=P(M2 is Good)=1/2
P(M1 is Bad)=P(M2 is Good)=1/2
2# We have also been told the probability of winning for each type of machine
P(Win on M1 | M1 is Good)=1/2
P(Win on M1 | M1 is Bad)=1/3
P(Win on M1 | M1 is Good)=1/2
P(Win on M1 | M1 is Bad)=1/3
3# We can use these probabilities to calculate the probability of losing for each type of machine as well:
P(Loose on M1 | M1 is Good)=1/2
P(Loose on M1 | M1 is Bad)=2/3
P(Loose on M1 | M1 is Good)=1/2
P(Loose on M1 | M1 is Bad)=2/3
4# The probability of M1 being good given that you won on M1 is:
P(M1 is Good | Win on M1)= P(M1 is Good) * [P(Win on M1 | M1 is Good)/P(Win on M1)]= (1/2*1/2) / (1/2*1/2 + 1/3*1/2)=0.6
5# The probability of M1 being bad given that you won on M1 is:
P(M1 is bad | Win on M1)=P(Mi is bad) * [P(Win on M1|M1 is bad)/P(Win on M1)] = (1/2*1/3) / (1/2*1/2 + 1/3*1/2) = 0.4
I don't know how to jump from machine 1's probability to machine 2...