Question 20A problem based on the phenomenon of decision making under

1.	Question 20A problem based on the phenomenon of decision making under risk, in a statistical decision theory is referred to
Answer» They are referred to as probabilistic problems Probability represents a discipline of mathematics related with several numerical EXPLANATIONS of the likelihood of an event taking place or the truth of a claim. In statistical DECISION THEORY, a probabilistic problem is one that is predicated on the SPECIFIC PHENOMENA of risky choice making. These potential problems are effectively solved by the fundamental Bayes theorem.

Question 20A problem based on the phenomenon of decision making under risk, in a statistical decision theory is referred to

Answer»

They are referred to as probabilistic problems

Probability represents a discipline of mathematics related with several numerical EXPLANATIONS of the likelihood of an event taking place or the truth of a claim.

In statistical DECISION THEORY, a probabilistic problem is one that is predicated on the SPECIFIC PHENOMENA of risky choice making.

These potential problems are effectively solved by the fundamental Bayes theorem.

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Question 20A problem based on the phenomenon of decision making under risk, in a statistical decision theory is referred to​

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Question 20A problem based on the phenomenon of decision making under risk, in a statistical decision theory is referred to