Application of Bayes theorem enables us to compute a the con

Application of Bayes\' theorem enables us to compute

a. the conditional probability of the sample outcomes given each state of nature

b. the posterior probability of each sample outcome

c. the prior probability of each state of nature

d. the conditional probability of the states of nature given each sample outcome

Solution

Application of Bayes\' theorem enables us to compute the conditional probability of the sample outcomes given each state of nature.