Initial estimates of the probabilities of events are known as
A)sets
B)posterior probabilities
C)conditional probabilities
D)prior probabilities

Name: Initial estimates of the probabilities of events are known as A)sets B)posterior probabilities C)conditional probabilities D)prior probabilities
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Question

Quizplus · Accepted Answer

Initial estimates of probabilities are known as prior probabilities, which serve as the basis for calculating posterior probabilities through the use of Bayes' theorem.

Initial Estimates of the Probabilities of Events Are Known as