Bayes’ formula is a method for updating probabilities based on new information.
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Summary
joint occurrences of values of the two random variables. When two random variables are independent, the joint probability function is the product of the individual probability functions of the random variables. <span>Bayes’ formula is a method for updating probabilities based on new information. Bayes’ formula is expressed as follows: Updated probability of event given the new information = [(Probability of the new information given event)/(Unconditional probabi