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

Bayes' theorem is used to find:
A. Posterior probability
B. Complementary probability
C. Joint probability
D. Unconditional probability
Answer: Option A
Solution (By JKExamLibrary)
Bayes' theorem updates prior probabilities with new evidence to give posterior probabilities.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
If all observations are multiplied by a constant k, the geometric mean is multiplied by:
A. k/n
B.
C. 1/k
D. k

Correct Answer: Option D


Explanation:
GM of (kx) = k × GM of x, since GM(kx) = (kⁿ ∏x)^(1/n) = k (∏x)^(1/n).

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
If the mean of a set of 10 observations is 20, and 5 is added to each observation, what will be the new mean?
A. 100
B. 20
C. 25
D. 15

Correct Answer: Option C


Explanation:
The arithmetic mean is affected by the change of origin. If a constant is added to all observations, the mean increases by that constant.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
General Fertility Rate (GFR) is expressed per:
A. 100 women
B. 1,000 women aged 15-49 years
C. 1,000 live births
D. 10,000 total population

Correct Answer: Option B


Explanation:
GFR = (Live births in a year / Mid-year population of women aged 15-49) × 1,000, standardizing fertility measurement to the population at risk of childbearing.

This question belongs to: Accountancy and Statistics Statistics