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    Introduction to Business Statistics
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    Exam 5: Probability: Review of Basic Concepts
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    Probabilities the Prior Probabilities for Two Events a 1 and a a 2
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Probabilities The Prior Probabilities for Two Events A1 and A2 Are

Question 135

Question 135

Short Answer

Probabilities
The prior probabilities for two events A1 and A2 are P(A1)= .30 and P(A2)= .70.It is also known that P(A1 and A2)= 0.Suppose P(B / A1)= .15 and P(B / A2)= .05.
-Apply Bayes' theorem to compute P(A1 / B).

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