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Question 10 Bayes theorem is used to calculate subjective probabilities. revised probabilities. prior probabilities. joint p
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Revised probabilities .

Bayes' theorem relies on prior probability distributions in order to give posterior probabilities . Prior probability, in Bayesian statistical methods , is the probability of an event before new data has been collected . Posterior probability is the revised probability of an event occurring after taking into consideration new data or information .  

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