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Question
an updated probability in bayesian thinking is also known as: a. an expected outcome b. a posterior probability c. a risk factor d. a simulation result
In Bayesian thinking, the prior probability is the initial belief, and after incorporating new evidence, the updated probability is called the posterior probability. An expected outcome is a predicted value in probability (not specific to Bayesian updating). A risk factor is a variable related to risk (not a probability term here). A simulation result is from a simulation process (not relevant to Bayesian probability update terminology).
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B. A posterior probability