Question

In Bayes Theorem, you have some starting information, then you collect some new information so that you can _______ the original probabilities so you now have better information.

Answer 1

In Bayes Theorem, apart from the already starting information, some new information so that you can update or transform the original probabilities so you now have better information.

What is Bayes Theorem?

The Bayes' theorem was named after Thomas Bayes and it is used in probability theory and statistics as one of the fundamental theorems. It estimates the likelihood of an event based on knowledge of circumstances that might be connected to it in the past.

The Formula for Bayes' Theorem

The Bayes' theorem is given as,

P(A|B) = P(A).P(B|A) / P(B)

Here, for two events A and B,

P(A|B) is the probability for likelihood of A when B is true

P(B|A) is probability for likelihood of B when A is true

P(A) is the independent probability of event A

P(B) is the independent probability of event B

Learn more about Bayes' theorem here:

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