In Bayesian Analysis, Conditional Probabilities Are Also Known as Which

question 95

Multiple Choice

In Bayesian analysis, conditional probabilities are also known as which of the following?

• A)anterior probabilities
• B)posterior probabilities
• C)prior probabilities
• D)marginal probabilities

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Definitions:

Managerial Accounting Reports

Managerial accounting reports provide detailed financial and operational information to managers, aiding in decision-making processes.

Special-Purpose

Designed or used for a specific reason or task, often referring to equipment, vehicles, or financial instruments tailored for particular needs.

Macro-Reports

Comprehensive reports that provide an overview of broad economic or financial trends and analyses, often used in strategic planning and decision-making.

Managerial Accounting

The practice of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the pursuit of an organization's goals.