Suppose that you are given a decision situation with three possible states of nature: S1, S2, and S3. The prior probabilities ar
e P(S1) = 0.16, P(S2) = 0.57, and P(S3) = 0.27. With sample information I, P(I | S1) = 0.13, P(I | S2) = 0.07, and P(I | S3) = 0.19. Compute the revised or posterior probabilities: P(S1 | I), P(S2 | I), and P(S3 | I). If required, round your answers to four decimal places.
Find the slope: m=(19.00-13.60)/(2003-1998)=1.08 so we have y=1.08x +b next, use the point (2003, 19.00) to find b: 19.00=1.08*2003 +b =>b=-2144.24 so the equation is y=1.08x-2144.24
