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  3. Study Set
    Quantitative Analysis for Management
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    Exam 2: Probability Concepts and Applications
  5. Question
    Although One Revision of Prior Probabilities Can Provide Useful Posterior
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Although One Revision of Prior Probabilities Can Provide Useful Posterior

Question 138

Question 138

True/False

Although one revision of prior probabilities can provide useful posterior probability estimates, additional information can be gained from performing the experiment a second time.

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