Question 15 1 pts Your business studies lecturer has devoted the past ten weeks

Question

Question 15 1 pts Your business studies lecturer has devoted the past ten weeks to teaching you the Bayesian approach and is now asking that you offer a critique of it. What key criticism could you raise? The reliance on a prior probability is overly objective and therefore not open to a researcher's degrees of freedom. O The reliance on a prior probability is overly subjective and therefore can be open to a researcher's degrees of freedom. The lack of reliance on a null hypothesls is overly objective and therefore open to a researcher's degrees cf freedom. The lack of reliance on a prior probability is overly subjective and therefore can be open to a researcher's degrees of freedom. O Question 16 5 pts Two 32 y/o friends went to the doctor to be screened for hepatitis C. The screening test has a false positive rate of 1/1000 and a false negative rate of 1/1000. One friend used to engage in injection drug use and frequent unprotected sex with multiple partners but has been clean for 7 years. The other friend never used injection drugs and has had 3 sexual partners and always used protection. The rate of hepatitis C in injection drug users is 1/20. The rate of hepatitis C in the population is 1/5000. Both friends screened positive for hepatitis C. Are both equally likely to have the disease? Why or why not?

Explanation / Answer

Question 15:

Your business studies lecturer has devoted the past ten weeks to teaching you the Bayesian approach and is now asking that you offer a critique of it. What key criticism could you raise?

Solution:

b. The reliance on a prior probability is overly subjective and therefore can be open to a researcher's degrees of freedom.

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