In Bayes' theorem, the term 'likelihood' refers to: MCQ with Answer and Explanation

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In Bayes' theorem, the term 'likelihood' refers to:

A. P(A|B)

B. P(A)

C. P(B)

D. P(B|A)

Answer: Option D

Solution (By JKSSB Mock Tests)

Likelihood is the probability of the evidence given the hypothesis.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Which index satisfies both time reversal and factor reversal tests?

A. Laspeyres

B. Simple aggregative

C. Fisher

D. Paasche

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Correct Answer: Option C

Explanation:
Only Fisher's ideal index satisfies both tests.

This question belongs to: Accountancy and Statistics Statistics

Question #2

A researcher wants to ensure every individual in a population has an equal chance of being selected. She should use:

A. Snowball sampling

B. Quota sampling

C. Simple random sampling

D. Purposive sampling

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Correct Answer: Option C

Explanation:
Simple random sampling gives each member an equal probability of selection.

This question belongs to: Accountancy and Statistics Statistics

Question #3

If Net Reproduction Rate (NRR) is less than 1, the population will eventually:

A. Increase

B. Decrease

C. Remain constant

D. Become zero

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Correct Answer: Option B

Explanation:
NRR < 1 indicates each generation is not replacing itself, leading to decline.

This question belongs to: Accountancy and Statistics Statistics

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