Question: Suppose that you are given a decision situation with three possible states of nature: 51, 52, and s3. The prior probabilities are P(51)=0.2, P(52)=0.5, and

Suppose that you are given a decision situation

Suppose that you are given a decision situation with three possible states of nature: 51, 52, and s3. The prior probabilities are P(51)=0.2, P(52)=0.5, and P(53)=0.3. With sample information I, P(I|51)=0.09, PCI|S2)=0.05, and P(I|53)=0.2. Compute the revised (or posterior) probabilities: P(511), P(52|I), and P(53|T). Round your answers to three decimal places. Pls111)= P(sz|1)= P(531)=

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