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Arthur has attached a device to a local ATM machine that records customers' bank account numbers and ATM passwords. He then sells these account numbers and passwords to nefarious individuals who use the information to steal money from the customers' accounts. Arthur is:
Posterior Probabilities
Probabilities that are updated as more evidence or information becomes available, commonly used in Bayesian statistics.
Additional Information
This term refers to supplementary data or context provided beyond the primary content, enhancing understanding or analysis.
Posterior Probabilities
The revised probabilities of potential outcomes after taking into account new evidence or information.
Prior Probabilities
Probabilities that are known or assumed before new evidence is introduced, often used in Bayesian inference to update the probability based on new data.
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