The Bayesian Approach to Decision Making

question 11

Multiple Choice

The Bayesian approach to decision making

• A)assigns probabilities to each state of nature based on relative frequency probabilities
• B)uses personal probabilities reflecting the decision maker's confidence in the truth of a specific proposition
• C)is based on the principle of insufficient reason
• D)assumes complete ignorance about the true state of nature

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Definitions:

Input File Stream

An object in C++ programming that allows for reading data from files as input operations.

Data File

A file that contains data, often structured in a way that is readable by a software program.

FILE Fp

A pointer in C programming language that refers to an external file, used for file operations like reading from or writing to files.

File Stream

An abstraction for reading from or writing to files on the disk.