Core concepts, Mathematics

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Bayes’ theorem, Bayes’ Theorem In its general form, Bayes' theorem deal...

Bayes’ Theorem In its general form, Bayes' theorem deals with specific events, such as A 1 , A 2 ,...., A k , that have prior probabilities. These events are mutually exclusive

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Find var (3x+8) where x is a random variable, If Var(x) = 4, find Var (3x+8...

If Var(x) = 4, find Var (3x+8), where X is a random variable. Var (ax+b) = a 2 Var x Var (3x+8) = 3 2 Var x = 36

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Characteristics of Time Series Time series has the given characteristics. a) A long term trend (T) -tendency of the whole series to fall and rise. b) Seasonal variati

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