________is a procedure for revising probabilities based upon additional information.
A) Utility theory
B) Beckman's theorem
C) Bayes' theorem
D) Bernoulli's theorem

Question

Quizplus · Accepted Answer

Bayes' theorem is a statistical formula that allows us to revise our probabilities based on new information or evidence. It is commonly used in fields such as machine learning, artificial intelligence, and other applications where we need to make decisions under uncertainty. The theorem considers prior probabilities and the likelihood of the new evidence to compute the posterior probability or the revised probability.

________Is a Procedure for Revising Probabilities Based Upon Additional Information