Question: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.Note:1. Need to write at least 2 paragraphs2. 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
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