In Bayes' theorem, P(A|B) is called: MCQ with Answer and Explanation

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In Bayes' theorem, P(A|B) is called:

A. Prior probability

B. Likelihood

C. Posterior probability

D. Marginal

Answer: Option C

Solution (By JKSSB Mock Tests)

P(A|B) updates prior using evidence, giving posterior.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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If the cost of living index number is 250, it means that compared to base year, the cost of living has:

A. Increased by 150%

B. Become 2.5 times

C. Increased by 250%

D. Decreased by 150%

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Correct Answer: Option A

Explanation:
Index 250 indicates a 150% increase (250-100).

This question belongs to: Accountancy and Statistics Statistics

Question #2

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Two events are said to be exhaustive if:

A. They cannot occur together

B. They have equal probabilities

C. They are independent

D. Their union is the entire sample space

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Correct Answer: Option D

Explanation:
Exhaustive events cover all possible outcomes.

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Question #3

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The Census of India 2011 was the:

A. 13th Census

B. 15th Census

C. 14th Census

D. 16th Census

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Correct Answer: Option B

Explanation:
Since the first synchronous census in 1881, 2011 was the 15th decennial census.

This question belongs to: Accountancy and Statistics Statistics

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