Utilization of Bayes' theorem requires the use of all but
A)prior probabilities.
B)marginal probabilities.
C)conditional probabilities.
D)posterior probabilities.
E)expected monetary values (EMV).

Question

Quizplus · Accepted Answer

The utilization of Bayes' theorem requires the use of prior, marginal, and conditional probabilities in order to calculate the posterior probabilities. However, the use of expected monetary values (EMV) is not necessary for the application of Bayes' theorem.

Utilization of Bayes' Theorem Requires the Use of All but