Initial estimates of the probabilities of events are known as _____ probabilities.
A) subjective
B) posterior
C) conditional
D) prior

Question

Quizplus · Accepted Answer

Initial estimates of the probabilities of events are known as prior probabilities. Subjective probabilities are probabilities based on personal judgments or opinions, posterior probabilities are probabilities that are updated based on new information, and conditional probabilities are probabilities that take into account additional information about the situation.

Initial Estimates of the Probabilities of Events Are Known as _____