Bayes' Theorem

August 5, 2019 admin 0

What is the Bayes' Theorem? Bayes' theorem, named after 18th-century British mathematician Thomas Bayes, is a mathematical formula for determining conditional probability. The theorem provides a […]

Understanding Pro Rata

August 3, 2019 admin 0

What Is Pro Rata? Pro rata is a Latin term used to describe a proportionate allocation. It essentially translates to "in proportion," which means a […]