When There Is Perfect Information on the Outcome of an Event,the

question 7

Multiple Choice

When there is perfect information on the outcome of an event,the revised probability of the event will be:

• A)equal to zero.
• B)the same as the prior probability.
• C)equal to one.
• D)higher than the prior probability.
• E)smaller than the prior probability.

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Definitions:

Navigation Bar

A set of links or buttons usually placed at the top or side of a webpage, helping users navigate through the website's sections.

Meeting

A gathering of people, either in person or virtually, arranged for a specific purpose, such as discussion or decision-making.

Status Option

A selectable setting that determines the current state or progress of a task, application, or process.

Slashed Bar

A graphical symbol, often used to indicate prohibition or that something is not allowed.