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We explain how conditional probability of a given event A and another event B works as P (A, B)/ P (B). We describe how P (B) is the probability of occurrence of the event B and P (A, B) is the probability of joint occurrence of the two events A, B. This is used in Bayes’ theorem which helps to solve several corporate business problems. This is also the base for Bayesian statistics. With this brief, you can understand how we will conduct our flow of the assignments.
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