Bayes' Law is a formula for revising an initial subjective (prior)probability value on the basis of new results,thus obtaining a new (posterior)probability value.
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Q185: Bayes' Law allows us to compute conditional
Q186: Although there is a formula defining Bayes'
Q187: Bayes' Law says that P(A|B)= P(B|A)P(A).
Q188: Conditional probabilities are also called likelihood probabilities.
Q189: In applying Bayes' Law,as the prior probabilities
Q191: In general,a posterior probability is calculated by
Q192: In problems where the joint probabilities are
Q193: We can use the joint and marginal
Q194: Construction Bids
A construction company has
Q195: Prior probability of an event is the
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