Actuarial Notes

CAS Exam MAS-II Fall 2018, Question 31

Study guide: Exam MAS-II

You are given a vector of data, \boldsymbol{y}, a vector of parameters, \boldsymbol{\theta}, and a probability density function, p.

Determine which of the following expressions represents the likelihood function in a Bayesian model.

  • A) p(\boldsymbol{y} \mid \boldsymbol{\theta})
  • B) p(\boldsymbol{\theta} \mid \boldsymbol{y})
  • C) p(\boldsymbol{y}, \boldsymbol{\theta})
  • D) p(\boldsymbol{y})
  • E) p(\boldsymbol{\theta})

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