Acturial Science > QUESTIONS & ANSWERS > BAYESIAN INFERENCE (All)
Questions and answer practice on Bayesian Inference. This document tests and gives answers on Bayes rule, loss and risk functions, likelihood principle, prior distribution, posterior distribution, cla ... ssification and hypothesis testing, bayesian estimation, subjective point of view, Bayesian inference for normal distribution, Bayesian inference for the binomial distribution, basic concepts in decision analysis. What we know are the conditional probabilities of the test coming out positive with the conditions that the person taking it was infected or not. And we know the probability of this condition happening, i.e., we know the probability that someone is infected. So the information you have here consists of precisely the pieces that you need in order to use the total law of probability to compute the probability that a test comes out positive, and there’s no other way to know this probability. [Show More]
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