Suppose we are monitoring a volcano. Let πΈ be the event that there is an eruption in the next six months, and π be the event that there is seismic activity (above some threshold). From experience and previous data, we have good reason to believe that:
Eruptions are rare with Pr(πΈ)=0.046.
Seismic activity almost always occurs when there is an imminent eruption, with Pr(πβ£πΈ)=0.914.
Seismic activity occasionally occurs when there is no eruption imminent, with Pr(πβ£πΈβ)=0.207.
Find the probability that an eruption will occur in the next six months, given current seismic activity (i.e. find Pr(πΈβ£π)). You can either use the formula for Bayes rule directly, or you can use a hypothetical contingency table to help you.
Ensure your answer is accurate to 4 DP.
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