Suppose that a shop has an equal number of LED bulbs of two different types. The probability of an LED bulb lasting more than 100 hours given that it is of Type 1 is 0.7 and given that it is of Type 2 is 0.4. The probability that an LED bulb chosen uniformly at random lasts more than 100 hours is_______.
Each bulb type has selection probability 1/2. Total probability of lasting over 100 hours is (1/2)(0.7)+(1/2)(0.4)=0.55.
A box contains 5 coins: 4 regular coins and 1 fake coin. When a regular coin is tossed, the probability 𝑃(ℎ𝑒𝑎𝑑) = 0.5 and for a fake coin, 𝑃(ℎ𝑒𝑎𝑑) = 1. You pick a coin at random and toss it twice, and get two heads. The probability that the coin you have chosen is the fake coin is _______. (rounded off to two decimal places)