The process used to calculate the probability of an event given additional information has been obtained through:
A) Bayes' theorem.
B) classical probability.
C) permutation.
D) subjective probability.

Question

Quizplus · Accepted Answer

Bayes' theorem is used to calculate the conditional probability of an event given additional information. It involves using prior knowledge or probabilities and updating them with new information to obtain a revised probability. This is different from classical probability, which assumes that all outcomes are equally likely, permutation, which involves arranging items in a specific order, and subjective probability, which is based on personal beliefs or opinions. Therefore, Bayes' theorem is the best choice for calculating the probability of an event given additional information.

The Process Used to Calculate the Probability of an Event