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    Statistics for Business and Economics Study Set 2
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    Exam 21: Decision Analysis on Website
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    The Process of Revising Prior Probabilities to Create Posterior Probabilities
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The Process of Revising Prior Probabilities to Create Posterior Probabilities

Question 20

Question 20

Multiple Choice

The process of revising prior probabilities to create posterior probabilities based on sample information is a


A) revision process
B) sampling revision
C) Bayesian revision
D) posterior revision

Correct Answer:

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