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Consider the following statements relate...

Consider the following statements related to the nature of Bayes' theorem
1. Bayes' theorem is a formula for computation of a conditional probability.
2. Bayes' theorem modifies an assumed probability of an event in the light of a related event which is observed.
Which of the statements given above is/ are correct?

A

A. 1 only

B

B. 2 only

C

C. Both 1 and 2

D

Neither 1 nor 2

Text Solution

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The correct Answer is:
C
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