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Ashish Chattha
on Oct 09, 2024

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Which probability is also known as the revised probability?

A) Prior Probability
B) Joint Probability
C) Marginal Probability
D) Posterior Probability

Revised Probability

An updated chance or likelihood of an event occurring after taking into consideration new evidence or information.

Prior Probability

The probability of an event or hypothesis before new evidence or data is taken into account.

Joint Probability

The probability that two or more events happen at the same time. It's calculated by the intersection of the events' probabilities.

  • Distinguish between different types of probabilities (prior, joint, marginal, posterior) in the context of decision analysis.
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Carmen TuckerOct 13, 2024
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