Prior probabilities for economic boom, moderate growth, and recession in the Land of the Bipeds are given below. There is a Land of Mortals where there are only two states: Boost or Roast. Conditional probability of Boost or Roast, given various states of economic conditions in the Land of the bipeds, is also known and presented below.

The $\mathrm{P}($ Recession/Roast) is
A) 0.087
B) 0.761
C) 0.074
D) 0.648

Question

Prior probabilities for economic boom, moderate growth, and recession in the Land of the Bipeds are given below. There is a Land of Mortals where there are only two states: Boost or Roast. Conditional probability of Boost or Roast, given various states of economic conditions in the Land of the bipeds, is also known and presented below.

The $\mathrm{P}($ Recession/Roast) is
A) 0.087 
B) 0.761 
C) 0.074 
D) 0.648

Quizplus · Accepted Answer

The Answer of Prior probabilities for economic boom, moderate growth, and recession in the Land of the Bipeds are given below. There is a Land of Mortals where there are only two states: Boost or Roast. Conditional probability of Boost or Roast, given various states of economic conditions in the Land of the bipeds, is also known and presented below.

The $\mathrm{P}($ Recession/Roast) is
A) 0.087 
B) 0.761 
C) 0.074 
D) 0.648

Prior Probabilities for Economic Boom, Moderate Growth, and Recession in the Land