Examlex
Walter is the manager of sales operations at Woode Industries.He has to define the sales goals for the forthcoming financial year.In this scenario, which of the following guideline will help him in framing effective team goals for his sales team?
Posterior Probability
The probability of an event or hypothesis being true after taking into consideration new evidence or information.
Prior Probability
The probability of an event or hypothesis before new evidence is taken into account.
Bayes' Law
A theorem in probability theory used to update the probability of a hypothesis as more evidence or information becomes available.
Posterior Probability
The probability of an event or hypothesis after taking into consideration new evidence or information.
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