When It Appears That It Is No Longer Profitable to Continue

question 37

Multiple Choice

When it appears that it is no longer profitable to continue fishing as a result of overfishing,the fish populations are said to be ____.

• A) locally extinct
• B) commercially extinct
• C) economically extinct
• D) biologically extinct
• E) ecologically extinct

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Definitions:

Posterior Probabilities

The probabilities that are adjusted after taking into account known or observed evidence, particularly in the context of Bayesian inference.

Addition Rule

In probability theory, a rule that calculates the probability of either of two mutually exclusive events occurring.

Posterior Probabilities

The revised probabilities of scenarios or hypotheses being true, updated in light of new evidence or information.

Prior Probabilities

Initial probabilities used in Bayesian analysis, representing beliefs about probabilities before new evidence is taken into account.