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

Question
In Bayes' theorem, the probability P(E_i|A) is called:
A. Likelihood
B. Prior probability
C. Posterior probability
D. Marginal probability
Answer: Option C
Solution (By JKSSB Mock Tests)
The updated probability after observing the evidence is the posterior probability.
This question belongs to: Accountancy and Statistics Statistics
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Practice More Statistics Questions

Question #1
Which of the following is a disadvantage of the mailed questionnaire method for primary data collection?
A. Low response rate and potential non-response bias
B. Limited geographical coverage
C. Requires highly trained enumerators
D. High cost per respondent
Discuss
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Correct Answer: Option A

Explanation:
Mailed questionnaires often suffer from low return rates, and respondents who reply may differ systematically from non-respondents, introducing bias that is difficult to assess or correct.
This question belongs to: Accountancy and Statistics Statistics
Question #2
The circular test is used to check:
A. Unit independence
B. Consistency of index numbers when shifting base over multiple periods
C. Whether the index satisfies time reversal
D. Factor reversal property
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Correct Answer: Option B

Explanation:
Circular test examines if the product of index numbers for consecutive periods equals the direct index for the whole period.
This question belongs to: Accountancy and Statistics Statistics
Question #3
The total of all frequencies in a frequency distribution is equal to the:
A. Highest cumulative frequency
B. Mean of the frequencies
C. Class mark of the last class
D. Width of the highest class
Discuss
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Correct Answer: Option A

Explanation:
In a 'less than' cumulative frequency distribution, the final cumulative frequency equals the total number of observations (N).
This question belongs to: Accountancy and Statistics Statistics
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