If You Want to Use Bayes' Theorem to Calculate P(B|A),the

question 102

Multiple Choice

If you want to use Bayes' theorem to calculate P(B|A) ,the numerator of the statistic will be

• A) P(A|B)P(B).
• B) P(A|B)P(A).
• C) P(A).
• D) P(A|B).

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Definitions:

Sold

Refers to the completion of a transaction where goods or services are exchanged for payment.

Recording Depreciation

The process of allocating the cost of a tangible asset over its useful life to reflect its decrease in value over time.

Expense Recognition Principle

An accounting principle stating that expenses should be recorded in the period in which they contribute to revenue, not necessarily when the expense is paid.

Fully Depreciated

An asset has reached the end of its useful life, and its book value is reduced to salvage value or zero.