Answer:
Bayes' 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..
Bayes rule
= provides us with a way to update our beliefs based on the arrival of new, relevant pieces of evidence . For example, if we were trying to provide the probability that a given person has cancer, we would initially just say it is whatever percent of the population has cancer.
#CarryOnLearning
