A Student Conducted a Bayesian Analysis of Increased Chocolate Consumption

question 8

Multiple Choice

A student conducted a Bayesian analysis of increased chocolate consumption and improved test scores.He calculated a Bayes factor of 1.Should he use chocolate consumption as a predictor of improved test scores?

• A)No,a Bayes factor of 1 suggests that it is not worth eating more chocolate in order to improve test scores.
• B)Yes,a Bayes factor of 1 suggests that it is worth a small increase in chocolate consumption in order to improve test scores.
• C)No,a Bayes factor of 1 suggests that the data is corrupted.
• D)Yes,a Bayes factor of 1 suggests that it is worth substantially increasing your chocolate consumption in order to improve test scores.

---

Definitions:

Interest Rate Change

Modification in the percentage that determines the amount of interest to be paid on a loan or received on deposits over time.

Compounded Quarterly

A method of calculating interest where the accumulated interest is added to the principal sum every three months, leading to interest earnings on interest.

Interest

A fee for the benefit of loaning money, usually stated as a yearly interest rate.

Payments

These are amounts paid or to be paid by one party to another in exchange for goods or services or as repayment of a loan.