Asked by
Kylie Strop
on Nov 20, 2024Verified
Initial estimates of the probabilities of events are known as _____ probabilities.
A) subjective
B) posterior
C) conditional
D) prior
Prior Probabilities
Initial estimates of the probabilities of events.
Probabilities
The assessment of the probability that a particular event will take place.
- Understand and identify different types of probabilities including prior, posterior, conditional, and subjective.
Verified Answer
AS
Learning Objectives
- Understand and identify different types of probabilities including prior, posterior, conditional, and subjective.