2024 – Question Describe the concepts of prior probability conditional probability joint probability and posterior probability
Wk2 DQ – Data Analysis & Business Intelligence – 2024
Question:
- Describe the concepts of prior probability, conditional probability, joint probability, and posterior probability.
- Explain Bayes’ Theorem and provide a numerical example related to a real-life situation.
Note:
1. Need to write at least 2 paragraphs
2. Need to include the information from the textbook as the reference.
3. Need to include at least 1 peer reviewed article as the reference.
4. Please find the textbook and related power point in the attachment
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