Your Business Studies Lecturer Has Devoted the Past Ten Weeks

Multiple Choice

Your business studies lecturer has devoted the past ten weeks to teaching you the Bayesian approach and is now asking that you offer a critique of it. What key criticism could you raise?

A) The reliance on a prior probability is overly objective and therefore not open to a researcher's degrees of freedom.
B) The reliance on a prior probability is overly subjective and therefore can be open to a researcher's degrees of freedom.
C) The lack of reliance on a null hypothesis is overly objective and therefore open to a researcher's degrees of freedom.
D) The lack of reliance on a prior probability is overly subjective and therefore can be open to a researcher's degrees of freedom.