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In a decision problem where we wish to use Bayes' theorem to calculate posterior probabilities, we should always begin our analysis with the assumption that all states of nature are equally likely, and use the sample information to revise these probabilities to more realistic values.

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Quantitative Analysis for Management

Quantitative Analysis for Management


Edition: 12th
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assignment009 Author
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5 years ago
hi again

thank you

PS: for anyone planning to take this course, it's HARD
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