Bayes' theorem in essence states that the probability of a given hypothesis depends both on the current data and prior knowledge. In the case of the 2012 United States election, ...

The intuitive answer is 99 percent, but the correct answer is 50 percent, and Bayes's theorem gives us the relationship between what we know and what we want to know in this problem.

The theorem was the work of Thomas Bayes, a minister and statistician, whose formula was published posthumously in 1763 in the paper "An Essay Towards Solving a Problem in the Doctrine of Chances." ...

Bayes’ Theorem As explained in the FDA’s Guidance document, prior information about a topic that you wish to investigate in more detail can be combined with new data using Bayes’ Theorem ...