Juliet wants to marry a Lad. For some time now, she has been dating Romeo and updating,
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Juliet wants to marry a Lad. For some time now, she has been dating Romeo and updating, in a Bayesian fashion, the estimated probability of Romeo being a Lad on the basis of his behavior, as observed on their dates. Romeo's perfect record of nice behavior on all of the dates so far means that Juliet estimates the probability of Romeo being a Lad, conditional on his past behavior, to be 0.85. a. If - hypothetically - on the next date, Romeo beha'ITed mean, would it make sense for Juliet to dump him and look for someone else? Show your calculations & explain your reasoning.
Related Book For
Applied Statistics And Probability For Engineers
ISBN: 9781118539712
6th Edition
Authors: Douglas C. Montgomery, George C. Runger
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