In Bayes' theorem, the probability P(E_i|A) is called: MCQ with Answer and Explanation

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In Bayes' theorem, the probability P(E_i|A) is called:

A. Prior probability

B. Posterior probability

C. Likelihood

D. Marginal probability

Answer: Option B

Solution (By JKExamLibrary)

The updated probability after observing the evidence is the posterior probability.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error

Fisher's Ideal Index Number is the:

A. Geometric mean of Laspeyres and Paasche index numbers

B. Harmonic mean of Laspeyres and Paasche index numbers

C. Arithmetic mean of Laspeyres and Paasche index numbers

D. Median of Laspeyres and Paasche index numbers

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Correct Answer: Option A

Explanation:
Fisher's index is calculated as the geometric mean of Laspeyres and Paasche indices, balancing their upward and downward biases.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

Which of the following statements is true for the geometric mean?

A. GM can be calculated for data containing negative values.

B. GM = 0 if all values are positive.

C. GM is always greater than AM.

D. GM is suitable for averaging ratios and percentages.

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Correct Answer: Option D

Explanation:
GM is appropriate for multiplicative data like growth rates. It cannot handle negatives, and GM ≤ AM.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Neonatal mortality refers to deaths during the first:

A. 24 hours

B. 28 days

C. 1 year

D. 7 days

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Correct Answer: Option B

Explanation:
Neonatal period is the first 28 days of life.

This question belongs to: Accountancy and Statistics Statistics

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