When deciding whether to purchase sample information, the revised probabilities due to that information can be incorporated through the application of Bayes' rule.

Name: When deciding whether to purchase sample information, the revised probabilities due to that information can be incorporated through the application of Bayes' rule.
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Bayes' rule is commonly used to revise probabilities based on new information, such as sample information.

When Deciding Whether to Purchase Sample Information, the Revised Probabilities