In Bayes' theorem, the initial probabilities before observing evidence are called: MCQ with Answer and Explanation

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In Bayes' theorem, the initial probabilities before observing evidence are called:

A. Marginal probabilities

B. Prior probabilities

C. Posterior probabilities

D. Likelihoods

Answer: Option B

Solution (By JKExamLibrary)

Prior probabilities represent the initial degree of belief.

This question belongs to: Accountancy and Statistics Statistics

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