Statistics Graduate Level Quiz
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BAYESIAN STATISTICS
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Two competing models, M1M_1 and M2M_2, have equal prior probabilities. The observed data produce a Bayes factor of 33 in favor of M1M_1 over M2M_2. Conditional on the data and the corresponding model, the predictive probabilities of a future event AA are 0.200.20 under M1M_1 and 0.800.80 under M2M_2.
What is the model-averaged posterior predictive probability of event AA?
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