The Bayes Squad
A Probability Party with Formula Fellows
Bayes Theorem BT: Alright folks, let's get this Bayesian statistics party started! I'm Bayes Theorem, and I'm the king of the castle around here.
Prior Probability PA(A): Whoa, whoa, whoa. Slow down there, Bayes. You may be the main formula, but I'm the one who sets the foundation. I'm Prior Probability, and I establish the probability of events before any data is collected.
Likelihood P(A): And I'm Likelihood, the star of the show. I calculate the probability of evidence given the hypothesis.