As described earlier, we use binomial probabilities to calculate the confidence level of this interval. |
The actual probabilities of those two conditional probabilities are identical in the Control Group. |
To calculate the confidence level associated with any such interval, we use binomial probabilities in the same manner as described earlier. |
When one conditionalizes, one applies the initial conditional probabilities to determine final unconditional probabilities. |
While these actions are indeed forestalling a severe downturn, they are significantly increasing the probabilities for much worse down the road. |
They implemented a full Bayesian method for calculating posterior probabilities using Markov Chain Monte Carlo. |