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4 cards from this section. Quick, good the night before a test.
What is the range of probability values?
Think about extreme possibilities.
Define Bayesian reasoning in your own words.
Consider how you change your opinion based on new facts.
What does a probability of 0.8 signify?
Think about the scale of probability.
Bayesian reasoning allows us to __________.
Remember how we refine our understanding with new data.
Provide a scenario where Bayesian reasoning can effectively change the outcome of a decision. Discuss the prior, evidence, and how you would update your beliefs.
Identify all components required for applying Bayes' theorem.
Develop a fictional dataset and calculate a confidence interval for a mean value. Explain the importance of the results.
Ensure you know the formula for calculating confidence intervals.
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