(a) Why was EcoCab not found guilty in Example 6.6.1, even though the eye witness stated that...
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(a) Why was EcoCab not found guilty in Example 6.6.1, even though the eye witness stated that the offending taxi was green (EcoCab’s color)?
(b) Is it possible to use Bayes’ theorem when sampling without replacement?
(c) As a follow-up to the previous question: “Yes, but…?” – yes, but what do we need to be careful to do?
(d) What is sensitivity?
(e) What is specificity?
(f) What happens to the probabilities of the alternatives under Bayes’ theorem in the long run, after many trials?
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Related Book For
The Bayesian Way Introductory Statistics For Economists And Engineers
ISBN: 9781119246879
1st Edition
Authors: Svein Olav Nyberg
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