What is it: Bayesian Revision is a theorem used to calculate P[A/B] from information about P[A/B] refers to the probability of Event A, given that Event B has occurred. Bayesian also includes the following:

Binomial Probability Distribution - A method used to calulate the probability of a specific number of successes for a certain number of trials. The Binomial experiment is that has only two possible outcomes for each trial. The probability of success and failure is constant. Each trial of the experiment is independent of any other trial.

Empirical Probability - Type of probability that observes the number of occurrences of an event through an experiment and calculates the probability from a relative frequency distribution.

Poisson Probability - A measurement that is used to calculate the probability that a certain number of events will occur over a specific period of time.

Why use it: Bayesian is a field of probability statistics bu using the probability of known events in the past to predict probabilities in the future. This probability concept of interference is widely used in statistics to draw a conclusion from available data.

Name

Format

Preview (Click to enlarge)

Binomial Template

Microsoft Excel Format

Binomial Completed Example

Microsoft Excel Format

Poisson Template

Microsoft Excel Format

Poisson Completed Example

Microsoft Excel Format

Normal Template

Microsoft Excel Format

Normal Completed Example

Microsoft Excel Format

Empirical Conditional Probabilities Template

Microsoft Excel Format

Empirical Conditional Probabilities Completed Example

Microsoft Excel Format

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