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Determine the missing joint, marginal, and posterior probabilities in the following tables. High and Low represent states of nature while Favourable and Unfavourable are the
Determine the missing joint, marginal, and posterior probabilities in the following tables. High and Low represent states of nature while Favourable and Unfavourable are the possible reports of sample information. Round final answers to 3 decimal places where necessary. Do not round intermediate results. Favourable State Prior Conditional Joint Posterior High 0.38 0.15 Low 0.62 0.55 Total Unfavourable State Prior Conditional Joint Posterior High 0.38 0.85 Low 0.62 0.45 Total
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