We can use the joint and marginal probabilities to compute conditional probabilities,for which a formula is available.
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Q188: Conditional probabilities are also called likelihood probabilities.
Q189: In applying Bayes' Law,as the prior probabilities
Q190: Bayes' Law is a formula for revising
Q191: In general,a posterior probability is calculated by
Q192: In problems where the joint probabilities are
Q194: Construction Bids
A construction company has
Q195: Prior probability of an event is the
Q196: Posterior probability of an event is the
Q197: Condo Sales and Interest Rates
Q198: Prior probability is also called likelihood probability.
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