Explain the statement, the terms prior and posterior, when applied to prob abilities, are relative terms, relative

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Explain the statement, “the terms prior and posterior, when applied to prob¬

abilities, are relative terms, relative to a given sample.” Is it possible for a set of probabilities to be both prior and posterior probabilities? Explain.

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Statistics Probability Inference And Decision

ISBN: 9780030778056

1st Edition

Authors: Robert L. Winkler, William L. Hays

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