Bayes' theorem is used to compute: MCQ with Answer and Explanation

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Bayes' theorem is used to compute:

A. Expected value

B. Prior probability

C. Posterior probability

D. Marginal probability only

Answer: Option C

Solution (By JKSSB Mock Tests)

Bayes' theorem updates probabilities after observing evidence, giving posterior probabilities.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

General Fertility Rate (GFR) is the number of live births per:

A. 1000 women of reproductive age (15-49)

B. 1000 live births

C. 1000 married women

D. 1000 total population

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Correct Answer: Option A

Explanation:
GFR = (Live births / Women aged 15-49) × 1000, focusing on the population at risk.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Which of the following statements is true for the geometric mean?

A. GM is always greater than AM.

B. GM = 0 if all values are positive.

C. GM can be calculated for data containing negative values.

D. GM is suitable for averaging ratios and percentages.

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Correct Answer: Option D

Explanation:
GM is appropriate for multiplicative data like growth rates. It cannot handle negatives, and GM ≤ AM.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Which of the following best describes 'demographic dividend'?

A. Increase in old-age dependency

B. Increase in the share of working-age population

C. Increase in population growth rate

D. Increase in fertility

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Correct Answer: Option B

Explanation:
Demographic dividend refers to the economic growth potential from a larger proportion of working-age people.

This question belongs to: Accountancy and Statistics Statistics

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