Question: Suppose that you are given a decision situation with three possible states of nature: s 1 , s 2 , and s 3 . The
Suppose that you are given a decision situation with three possible states of nature:
s1, s2, and s3.
The prior probabilities are
P(s1) = 0.3, P(s2) = 0.2, and P(s3) = 0.5.
With sample information I,
P(I|s1) = 0.1, P(I|s2) = 0.05,
and
P(I|s3) = 0.2.
Compute the revised or posterior probabilities:
P(s1|I), P(s2|I), and P(s3|I).
(Round your answers to four decimal places.)
P(s1|I)
P(s2|I)
P(s3|I)
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