First, we need to estimate the pre-test probability that asymptomatic Massachusetts residents have Covid-19. We know that in the state approximately 2% of all tests for SARS-CoV-2, the virus that ...
Chris Wiggins, an associate professor of applied mathematics at Columbia University, offers this explanation. A patient goes to see a doctor. The doctor performs a test with 99 percent ...
Get a simple explanation of Bayes’ Theorem that anyone can understand, even with no advanced math background. This video breaks the idea down using clear examples and intuitive reasoning to show how ...
Mike Lee receives relevant research funding from the Australian Research Council, the Australia-Pacific Science Foundation, and Flinders University. Benedict King receives funding from the Australian ...
This article was published in Scientific American’s former blog network and reflects the views of the author, not necessarily those of Scientific American I’m not sure when I first heard of Bayes’ ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...