People,even from the Same Community,have to Arrive at a Common

question 56

True/False

People,even from the same community,have to arrive at a common understanding of value.

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Definitions:

Prior Probabilities

The probabilities of events based on prior knowledge before any new evidence is considered.

Likelihood Probabilities

The probabilities that quantify the plausibility of different parameter values for a statistical model given the observed data.

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.