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

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Bayes' theorem is used to find:

A. Joint probability

B. Posterior probability

C. Unconditional probability

D. Complementary probability

Answer: Option B

Solution (By JKSSB Mock Tests)

Bayes' theorem updates prior probabilities with new evidence to give posterior probabilities.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

The term 'demographic dividend' refers to:

A. High immigration

B. Increase in working-age population relative to dependents

C. Decrease in death rate

D. Increase in birth rate

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Correct Answer: Option B

Explanation:
Demographic dividend is the economic growth potential when the share of the working-age population is larger than the non-working-age share.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The circular test is satisfied by:

A. Chain index using fixed weight price relatives

B. Fixed weight aggregates

C. Fisher index

D. Both A and C

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Correct Answer: Option D

Explanation:
Fixed weight aggregates and chain indices with consistent linking can satisfy circular test, while Fisher does not.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Two dice are rolled. The probability of getting a doublet (same number on both) is:

A. 1/36

B. 5/36

C. 1/12

D. 1/6

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Correct Answer: Option D

Explanation:
Doublets: (1,1),(2,2),...,(6,6) = 6 out of 36 = 1/6.

This question belongs to: Accountancy and Statistics Statistics

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