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Graph the exponential function.
Likelihood Probabilities
Quantifies the chance of a particular set of outcomes under specific model parameters, often used in statistical inference.
Prior Probabilities
The probabilities assigned to outcomes based on prior knowledge before any new evidence is considered.
Posterior Probabilities
Calculated probabilities updated to reflect new, relevant information, usually in the context of Bayesian inference.
Prior Probabilities
Prior probabilities are the probabilities of events before any new evidence is considered, often serving as the initial belief in Bayesian statistics.
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