1. **State the problem:** We are given a quadratic equation with roots and asked to find the value of $m$.
The equation is $$X^2 - 4X + 3 + \frac{1}{m} = 0$$
2. **Rewrite the equation:** Combine the constant terms:
$$X^2 - 4X + \left(3 + \frac{1}{m}\right) = 0$$
3. **Recall the sum and product of roots formulas:**
For a quadratic equation $ax^2 + bx + c = 0$ with roots $r_1$ and $r_2$:
- Sum of roots: $$r_1 + r_2 = -\frac{b}{a}$$
- Product of roots: $$r_1 r_2 = \frac{c}{a}$$
Here, $a=1$, $b=-4$, and $c=3 + \frac{1}{m}$.
4. **Calculate sum and product of roots:**
$$r_1 + r_2 = -\frac{-4}{1} = 4$$
$$r_1 r_2 = 3 + \frac{1}{m}$$
5. **Use the discriminant condition for real roots:**
The discriminant $\Delta$ must be non-negative:
$$\Delta = b^2 - 4ac \geq 0$$
Calculate:
$$\Delta = (-4)^2 - 4 \times 1 \times \left(3 + \frac{1}{m}\right) = 16 - 4\left(3 + \frac{1}{m}\right)$$
Simplify:
$$16 - 12 - \frac{4}{m} = 4 - \frac{4}{m}$$
6. **Set discriminant to zero for equal roots (if roots are equal):**
$$4 - \frac{4}{m} = 0$$
Divide both sides by 4:
$$\cancel{4} - \frac{\cancel{4}}{m} = 0 \Rightarrow 1 - \frac{1}{m} = 0$$
7. **Solve for $m$:**
$$1 = \frac{1}{m}$$
Multiply both sides by $m$:
$$m = 1$$
**Final answer:**
$$m = 1$$
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