The probability of both sample information and a particular state of nature occurring simultaneously is _____ probability.
A) posterior
B) joint
C) prior
D) conditional
Correct Answer:
Verified
Q5: A graphic presentation of the expected gain
Q6: The result obtained when a decision alternative
Q7: Nodes indicating points where a decision is
Q8: The expected value of information that would
Q9: An intersection or junction point of a
Q11: A tabular representation of the payoffs for
Q12: In computing an expected value (EV), the
Q13: A line or arc connecting the nodes
Q14: The expected opportunity loss of the best
Q15: The probability of a state of nature
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents