Bayes' Theorem is a formula ... of medical test results. Investopedia / Lara Antal Applications of Bayes' Theorem are widespread and not limited to the financial realm. For example, Bayes' theorem ...

For example, when your data is not normally distributed, which is needed in a t-test, then you would use a Wilcoxon test. The Wilcoxon test is a statistical tool for analyzing paired data when the ...