P 2 X Complete the probability tables below using the following prior and conditional probabilities. High...

 

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P 2 X Complete the probability tables below using the following prior and conditional probabilities. High and Low represent states of nature while Favourable and Unfavourable are the possible reports of sample information. Round final answers to 3 decimal places where necessary. Do not round intermediate results. P(high): = 0.58 P(favourable high) = 0.55 P(unfavourable low) = 0.4 Favourable State Prior Conditional Joint Posterior High Low Total P 2 X Complete the probability tables below using the following prior and conditional probabilities. High and Low represent states of nature while Favourable and Unfavourable are the possible reports of sample information. Round final answers to 3 decimal places where necessary. Do not round intermediate results. P(high): = 0.58 P(favourable high) = 0.55 P(unfavourable low) = 0.4 Favourable State Prior Conditional Joint Posterior High Low Total

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To complete the probability tables we need to calculate the joint probabilities and posterior probabilities based on the given prior and conditional p... View the full answer