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Let's say you just got your bachelors degree in accounting and you want to move to the graduate university to get a Masters degree in business administration. In order to be accepted, your recruiter asks you to write One essay answering a) What are your personal and career objectives for the next five years? and b) How do you believe a graduate business degree will help you achieve your objectives in question a)?. How your essay would look like?
Suppose that one additional item, which was produced by the machine at the same time as the other five items is selected and found to be of medium quality. Illustrate what is the new posterior probability that the machine was properly adjusted?
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