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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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