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Title: Yo

Essay Details:

Subject: Business
Author: Drew L
Date: December 19, 2012
Level: University
Grade: A
Length: 3 / 763

Essay text:

An automobile dealership is waiting to take delivery of nine new cars. Today, anywhere from zero to all nine cars might be delivered. It is appropriate to use the classical method to assign a probability of 1/10 to each of the possible numbers that could be delivered. __T__ 6. When assigning subjective probabilities, use experience, intuition, and any available data. __F__ 7. P (A?xB) ?d P (A) __F__ 8. If P (A|B) = .4 and P (B) = .6, then P (A?xB) = .667. __T__ 9. Bayes' theorem provides a way to transform prior probabilities into posterior probabilities. __T__ 10. If P (A?yB) = P (A) + P (B), then A and B are mutually exclusive...

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