During a product review, stakeholders ask for a clear explanation of foundational statistical concepts used in decision-making.

State Bayes’ theorem and illustrate its use with a simple example. 2. Explain in plain language what a p-value is and what conclusions it does and does not allow.

Focus on prior, likelihood, posterior intuition; p-value as probability of observing data under the null.

Lyft Data Scientist interview question: Explain Bayes’ Theorem and P-Value in Decision-Making. {"blocks": [{"key": "90077a7a", "text": "Scenario", "type": "header-two", "depth": 0, "inlineStyleRanges": [], "entityRanges": [], "data": {...