When there is perfect information confirming an event, the revised probability of the event will be:
A) 0.
B) the same as the prior probability.
C) 1.0.
D) 100% greater than the prior probability.
E) smaller than the prior probability.

Question

Quizplus · Accepted Answer

When there is perfect information confirming an event, the revised probability of the event will be 1.0, indicating that the event will definitely occur. This is because perfect information eliminates any uncertainty or doubt about the occurrence of the event.

When There Is Perfect Information Confirming an Event, the Revised