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Total Probability || Bayes Theorem...

Total Probability || Bayes Theorem

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Total Probability & Bayes theorem

Consider the following statements related to the nature of Bayes' theorem 1. Bayes' theorem is a formula for computation of a conditional probability. 2. Bayes' theorem modifies an assumed probability of an event in the light of a related event which is observed. Which of the statements given above is/are correct ?

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