Insert this: https://cdnjs.cloudflare.com/ajax/libs/mathjax/2.7.7/MathJax.js?config=TeX-AMS-MML_HTMLorMML
Bayes' Theorem is a fundamental concept in probability and statistics. It allows us to update our initial beliefs about an event based on new evidence. Here's a step-by-step breakdown of the theorem, its components, and a couple of examples to solidify understanding.