Bayesian probability

Bayesian probability is a statistical framework that interprets probability as a measure of belief or certainty about an event, rather than a frequency of occurrence. It is based on Bayes' theorem, which provides a mathematical method for updating the probability of a hypothesis based on new evidence. ### Key Concepts: 1. **Bayes' Theorem**: The foundation of Bayesian probability, Bayes' theorem relates the conditional and marginal probabilities of random events.