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Author Question: Bayes' theorem a. can be used only for cases where conditional probabilities are unknown. b. ... (Read 146 times)

dmcintosh

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on: Jun 24, 2018
Bayes' theorem
 a. can be used only for cases where conditional probabilities are unknown.
  b. cannot be used to calculate posterior probabilities.
  c. enables the use of sample information to revise prior probabilities.
  d. is useful for determining optimal decisions without requiring knowledge of probabilities of the states of nature.

Question 2

_____ refers to the probability of one event, given the known outcome of a (possibly) related event.
 a. Joint probability b. A priori probability
  c. Decisive probability d. Conditional probability


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katkat_flores

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Reply #1 on: Jun 24, 2018
Answer to Question 1

c
RATIONALE: Bayes' theorem is a theorem that enables the use of sample information to revise prior probabilities.

Answer to Question 2

d
RATIONALE: Conditional probability refers to the probability of one event, given the known outcome of a (possibly) related event.


dmcintosh

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

Bigfoot1984

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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