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Tuesday, December 13, 2016

Problem : Counterfeit Currency



Currency notes are received in a bank in large numbers. The notes are checked and in case they are counterfeit, they get detected with a positive probability p (<1). Notes(Currencies) enter bank on an average once per 2 months. Given that a bank detected x fake notes  out of N submitted notes, how many counterfeit notes did it encounter ?




Thanks
Learner

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