1. \"The probability of event B, given that event A has occurred\" is known as a
ID: 2900646 • Letter: 1
Question
1. "The probability of event B, given that event A has occurred" is known as a ________ probability.
continuous
marginal
simple
joint
conditional
2.Utilization of Bayes' theorem requires the use of all but
prior probabilities.
marginal probabilities.
conditional probabilities.
posterior probabilities.
expected monetary values (EMV).
3. In decision making under ________, there are several possible outcomes for each alternative, and the decision maker does not know the probabilities of the various outcomes.
risk
utility
certainty
probability
uncertainty
4.The three decision-making environments are decision making under ________.
utility, risk, and certainty
utility, risk, and uncertainty
utility, certainty, and uncertainty
utility, equity, and certainty
risk, certainty, and uncertainty
5. The problem of nonconstant error variance is detected in residual analysis by which of the following?
a cone pattern
an arched pattern
a random pattern
an increasing pattern
a decreasing pattern
continuous
marginal
simple
joint
conditional
Explanation / Answer
1. conditional
2. EMV
3. risk
4. risk, certainity, and uncertainty
5. increasing the pattern
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