Bayes' Theorem is a fundamental concept in probability theory that describes how to update the probability of a hypothesis based on new evidence. It mathematically expresses the idea of conditional probability, showing how the probability of a hypothesis given an event can be calculated using the formula:
In this equation:
Bayes' Theorem is widely used in various fields such as statistics, machine learning, and medical diagnosis, allowing for a rigorous method to refine predictions as new data becomes available.
Start your personalized study experience with acemate today. Sign up for free and find summaries and mock exams for your university.