__________________ statistics is an area of statistics that uses Bayes' theorem to update prior belief about a probability or population parameter to a posterior belief.
A)Bayesian
B)Utility theory
C)Pre-posterior analysis
D)Risk theory

Question

Quizplus · Accepted Answer

Bayesian statistics is the area of statistics that uses Bayes' theorem to update prior beliefs about a probability or population parameter to a posterior belief. It involves updating probabilities based on new data, and is particularly useful in situations where the sample size is small or where there is a need to incorporate prior knowledge about the population being analyzed. Utility theory, pre-posterior analysis, and risk theory are not related to the use of Bayes' theorem in statistical inference.

__________________ Statistics Is an Area of Statistics That Uses Bayes