Assume that 20% of all watches with Rolex on the dial are counterfeit. Also assume that 95% of counterfeit watches are sold online and 90% of authentic watches are sold in stores. Given the watch is...


Assume that 20% of all watches with Rolex on the dial are counterfeit. Also assume that 95% of counterfeit watches are sold online and 90% of authentic watches are sold in stores.


Given the watch is sold online, what is the probability it is counterfeit? Round to one decimal place.



Jun 07, 2022
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