Describe the concepts of prior probability, conditional probability, joint probability, and posterior probability.
Explain Bayes’ Theorem and provide a numerical example related to a real-life situation.
1. Need to write at least 2 paragraphs
2. Need to include the information from the textbook as the reference.
3. Need to include at least 1 peer reviewed article as the reference.
4. Please find the textbook and related power point in the attachment