Simulation of Bayes' rule by means of Monte Carlo method |
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| Authors: | Mikulá? Gangur Milan Svoboda |
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| Institution: | University of West Bohemia, Pilsen, Czech Republic |
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| Abstract: | This contribution shows a simple implementation of Monte Carlo simulation method when presenting Bayes' rule. The implementation is carried out in the environment of Microsoft Excel spreadsheets by means of a generator of random numbers. The empiric results gained by simulation serve to confirm the correctness of the chosen procedures in calculations using Bayes' formula. |
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| Keywords: | Probability Bayes' rule Monte Carlo simulation Microsoft Excel |
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