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

---

Definitions:

Informing

The act of providing essential information or knowledge about products, services, or processes to consumers or stakeholders, typically to guide decision-making.

Hierarchy of Effects

A model in marketing that outlines the sequential steps customers go through in the process of purchasing a product, from awareness to action.

Fourth Stage

In the context of product life cycle, this refers to the decline stage, where sales decrease and a product may be phased out.

Interest

Monetary charge for borrowing money or the return on investment capital.