The probabilities of states of nature after revising the prior probabilities based on given indicator information are
A)the expected probabilities
B)the posterior probabilities
C)the prior probabilities

Question

Quizplus · Accepted Answer

The probabilities of states of nature after revising the prior probabilities based on given indicator information are called posterior probabilities. Therefore, option B is the best choice. Options A and C are incorrect as they refer to the expected probabilities and the original probabilities, respectively.

The Probabilities of States of Nature After Revising the Prior