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What is Bayes Theorem?
Posted by GODHULI on June 3, 2021 at 1:28 pmWhat is Bayes Theorem? Explain in details with example.
Tejasri replied 2 years, 11 months ago 2 Members · 1 Reply 
1 Reply

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Bayeâ€™s theorem:
Suppose we have estimated prior probabilities for events we are concerned with, and then obtain a new information. We would like to have a sound method to computer revised or posterior probabilities. Bayeâ€™s theorem gives us a way to do this.
That is, estimating the prayer probabilities for events the individual is concerned with and obtain the new information regarding it. The individual will take a computer revised or posterior probabilities. Then, Bayeâ€™s theorem gives us the way to do this.
Probability revision using Bayeâ€™s theorem:
Applications of bayeâ€™s theorem:
â€¢ Consider a manufacturing firm that receive shipment of parts from two suppliers.
â€¢ Let a denote event that the part is received from Supplier 1, A2 is received from supplier 2.
For example:
We get 65% of our parts from suppliers 1 and we get 35% of some supplier 2 .
Thus,
P(A1)=0.65 and p(A2)=0.35