Bayes' Theorem Is Used to Compute _____

question 63

Multiple Choice

Bayes' theorem is used to compute _____.

• A) the prior probabilities
• B) the union of events
• C) both the prior probabilities and the union of events
• D) the posterior probabilities

---

Definitions:

Natural Gas

A fossil fuel composed mainly of methane, used as an energy source for heating, cooking, and electricity generation.

Consumption Rate

The speed at which goods and services are consumed or used up, often reflecting the economic activity level.

Predictions

Future estimations or anticipations based on current trends or data analysis.

Proved Reserves

Located quantities of natural resources, such as oil or gas, that can be recovered in the future with high certainty under existing economic and operational conditions.