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Bayes' theorem
Bayes' Theorem describes how the conditional probability of each of a set of possible causes for a given observed outcome can be computed from knowledge of the probability of each cause and the conditional probability of the outcome of each cause
An application-oriented question on the topic along with responses can be seen below. The best answer was provided by Sharad Talvalkar on 05th August 2019.
Applause for the respondents- Mohamed Asif, Manjula Pujar, Sharad Talvalkar, Ram Rajagopalan & Sreyash Sangam
Question
Vishwadeep Khatri 265
Q. 182 Explain Prior Probability and Posterior Probability along with application of Bayes' theorem in a business scenario.
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