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Judgment and Decision Making, Vol. 4, No. 1, February 2009, pp. 3440Numeracy, frequency, and Bayesian reasoning Gretchen B. Chapman Department of Psychology Rutgers UniversityJingjing Liu Department
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Understand the basics of numeracy, including mathematical operations like addition, subtraction, multiplication, and division.
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Determine the frequency at which events occur by collecting data and analyzing the patterns.
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Apply the principles of Bayesian probability theory to make informed decisions based on prior knowledge and new evidence.
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