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Statistical Inference

question 29

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Statistical inference


Definitions:

Posterior Probability

is the probability of the hypotheses given the observed data, calculated using Bayes' theorem.

Prior Probability

The likelihood of an event occurring before new evidence is taken into account.

Conditional Probability

The estimated probability of an event's occurrence when it is already known that another event has preceded it.

Thomas Bayes

An 18th-century British statistician and clergyman known for formulating the Bayes' Theorem, which describes the probability of an event based on prior knowledge.

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