A posterior probability value is a prior probability value that has been:

a. modified on the basis of new information.
b. multiplied by a conditional probability value.
c. divided by a conditional probability value.
d. added to a conditional probability value.


A

Business

You might also like to view...

When the seller promises that a product is good for a particular activity, the seller is implying the warranty of merchantability.

Answer the following statement true (T) or false (F)

Business

Why is it important for organizations to promote healthy work-life balance?

a. Employees will not seek promotions or raises so often. b. Workloads can be increased to each employee. c. Employees become more committed to their work. d. Employers can reduce vacation time.

Business

Reasons for conducting exploratory research include ________.

A. discovering differences across demographic characteristics B. discovering the cause and effect between variables C. answering the research question D. assessing competitors' actions in the marketplace E. identifying characteristics of the target market

Business

If Partner A invested twice as much as Partner B, and there are only two partners, the income must be divided in a ratio of 2:1, respectively

Indicate whether the statement is true or false

Business