### FAQ's

Bayes' theorem in Artificial intelligence Bayes' theorem: In probability theory and statistics, Bayes' theorem (alternatively Bayes' law or Bayes' rule; recently Bayes–Price theorem ), named after Thomas Bayes, describes the probability of an event based on prior knowledge of conditions that might be related to the event.

Bayes' theorem allows you to update the predicted probabilities of an event by incorporating new information.It is often employed in finance in updating risk evaluationBayes' rule is used on various occasions, including medical testing for a rare disease. With Bayes' rule, we can estimate the probability of having the condition given the test coming out positive.