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QUESTION

Prob. & Statistics 6

ANSWER 2 QUESTIONS AND 1 EXERCISE, INCLUDE ALL CALCULATIONS TYPED. TEXT BOOK BUSINESS STATISTICS IN PRACTICE EDIT. 7

·        1. What is a prior probability? 2. Explain the purpose behind using BayesTheorem.

PLEASE ELABORATE THE ANSWERS, AT LEAST 2 PARAGRAPHS PER ANSWER.

Answer Exercise: 19.36

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