Question: Read the following two articles and answer the questions below. https://www.washingtonpost.com/news/going-out-guide/wp/2017/03/28/feeling-lucky-this-food-truck-lets-you-spin-a-wheel-for-a-99-cent-pizza/?utm_term=.b8e394390f46 (1) For every 100 pizzas ordered, about how many will the food truck sell
Read the following two articles and answer the questions below.
https://www.washingtonpost.com/news/going-out-guide/wp/2017/03/28/feeling-lucky-this-food-truck-lets-you-spin-a-wheel-for-a-99-cent-pizza/?utm_term=.b8e394390f46
(1) For every 100 pizzas ordered, about how many will the food truck sell for $0.99?
(2) What is the average price (to the penny) that customers will pay for a pizza, based on thisprobability game?
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1. What is the "prior probability" in Andy's example, in plain English (i.e., what is it a probability of)? What is the "posterior probability"?
2. How does he "update" the prior probability to compute the posterior (i.e., what "data" is he using)?
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