Author Question: __________ refer to the probabilities of the states of nature after revising the prior probabilities ... (Read 116 times)

silviawilliams41

  • Hero Member
  • *****
  • Posts: 560
__________ refer to the probabilities of the states of nature after revising the prior probabilities based on sample information.
 a. Preliminary probabilities
  b. Perfect probabilities
  c. Joint probabilities
  d. Posterior probabilities

Question 2

New information obtained through research or experimentation that enables an updating or revision of the state-of-nature probabilities is known as
 a. joint probability.
  b. sample information.
  c. conditional probability.
  d. expected utility.



Harbringer

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

d
RATIONALE: Posterior probabilities refer to the probabilities of the states of nature after revising the prior probabilities based on sample information.

Answer to Question 2

b
RATIONALE: New information obtained through research or experimentation that enables an updating or revision of the state-of-nature probabilities is known as sample information.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

For a complete list of videos, visit our video library