New probabilities that have been found using Bayes theorem are called a. prior probabilities. b. posterior probabilities.
Question:
New probabilities that have been found using Bayes’
theorem are called
a. prior probabilities.
b. posterior probabilities.
c. Bayesian probabilities.
d. joint probabilities.
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The correct answer is b posterior probabilities Heres why Prior probabilities These are the initial ...View the full answer
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Quantitative Analysis For Management
ISBN: 213168
12th Edition
Authors: Barry Render ,Ralph M. Stair ,Michael E. Hanna
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