Question: Please answer the probabilities (s1,s2, s3) and the sum based on the given information below. Thank you. Problem 13-23 (Algorithmic) Suppose that you are given

Please answer the probabilities (s1,s2, s3) and the sum based on the given information below. Thank you.

Please answer the probabilities (s1,s2, s3) and

Problem 13-23 (Algorithmic) Suppose that you are given a decision situation with three possible states of nature: S1, S2, and S3. The prior probabilities are P(S1) = 0.18, P(S2) = 0.62 and P(S3) = 0.20. With sample information I, P(I | S1) = 0.12, P(I | S2) = 0.06 and P(I | S3) = 0.22. Compute the revised or posterior probabilities: P(S1 | I), P(S2 | I) and P(S3 | I). If required, round your answers to four decimal places. State of Nature P(Sj 1) S1 S2 S3 Sum

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