Please describe research methods and process for limiting the uncertainty in the decision to purchase a home or not. 700 word limit

1. Research Comprise how you applied concepts to formulate the decision.

2. Interpretation of Data Applying Bayes' Theorem Comprise appropriate probability concepts and the application to find resulting data to limit uncertainty in this decision.

3. Probability Ideas for Limiting Uncertainty-Identify each outcome from the statistical analysis providing rationale for each.

4. Trade-off among Accuracy and Precision-Identify trade-offs among accuracy and precision required by various probability concepts and the effect on your data.

5. Statistical Rationale behind Decision- Comprise the decision made based on statistical data