Bayes' theorem is primarily used to compute: MCQ with Answer and Explanation

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Bayes' theorem is primarily used to compute:

A. Prior probability

B. Posterior probability

C. Joint probability

D. Marginal probability

Answer: Option B

Solution (By JKExamLibrary)

Bayes' theorem updates prior beliefs with new evidence to yield posterior probabilities.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error

If Q = -1, attributes exhibit:

A. Perfect positive association

B. Perfect negative association

C. Independence

D. No relationship

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Correct Answer: Option B

Explanation:
Q = -1 when ad=0, i.e., complete negative association.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

Which of the following is a cause of decline in India's infant mortality rate?

A. Improved immunization and healthcare facilities

B. Increase in poverty

C. Decrease in female literacy

D. Higher fertility

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Correct Answer: Option A

Explanation:
Better health services, immunization, and sanitation reduce infant deaths.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Fisher's ideal index is the geometric mean of:

A. Simple aggregative and weighted average

B. Time reversal and factor reversal

C. WPI and CPI

D. Laspeyres and Paasche indices

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Correct Answer: Option D

Explanation:
Fisher = √(Laspeyres × Paasche).

This question belongs to: Accountancy and Statistics Statistics

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