Wht Do You Mean By Bayes Theorem
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Bayes theorem named after 18th- century British Mathematician Thomas Bayes,is a mathematical formula for determining conditional probability.
The theorem provides a way to revise exiting predictions or theories given new or additional evidence.
Bayes theorem can be used to rate the risk of lending money to potential borrow.
Bayes theorem is also called Bayes Rule or Bayes Law and is the foundation of the field of Bayesian statistics.
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