Tutorial Exercise Suppose that you are given a decision situation with three possible states of nature: S₁, S21 and $3. The prior probabilities are P(s₁) = 0.4, P(S₂) = 0.1, and P(S3) = 0.5. With sample information I, P(I|S₁) = 0.1, P(I|s₂) = 0.05, and P(I|s3) = 0.2. Compute the revised or posterior probabilities: P(SI), P(S₂11), and P(s3|I). Click here to begin!

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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53.
Suppose that you are given a decision situation with three possible states of nature: S₁, S₂, and
probabilities are P(s₁) = 0.4, P(s₂) = 0.1, and P(s3) = 0.5. With sample information I,
P(I|S₁) = 0.1, P(I|s₂) = 0.05, and P(I|s3) = 0.2. Compute the revised or posterior probabilities:
P(s₁|I), P(s₂|I), and P(s3|I).
Tutorial Exercise
Click here to begin!
The prior
Transcribed Image Text:53. Suppose that you are given a decision situation with three possible states of nature: S₁, S₂, and probabilities are P(s₁) = 0.4, P(s₂) = 0.1, and P(s3) = 0.5. With sample information I, P(I|S₁) = 0.1, P(I|s₂) = 0.05, and P(I|s3) = 0.2. Compute the revised or posterior probabilities: P(s₁|I), P(s₂|I), and P(s3|I). Tutorial Exercise Click here to begin! The prior
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