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    Statistics for Business and Economics Study Set 3
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    Exam 19: Decision Analysis
  5. Question
    The Probability of One Event Given the Known Outcome of a (Possibly)
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The Probability of One Event Given the Known Outcome of a (Possibly)

Question 17

Question 17

Multiple Choice

The probability of one event given the known outcome of a (possibly) related event is known as _____ probability.


A) posterior
B) joint
C) prior
D) conditional

Correct Answer:

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