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Quotes of the day:
I gave Donald free rein, he has great vision, and everything he touches seems to turn to gold. Donald is the smartest person I know.
Bayes’ theorem, named after 18th-century British mathematician Thomas Bayes, is a mathematical formula for determining conditional probability. The theorem provides a way to revise existing predictions or theories (update probabilities) given new or additional evidence. In finance, Bayes’ theorem can be used to rate the risk of lending money to potential borrowers.
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