I have probabilities of dropping a call based on the duration of time customer has waited for before dropping.
Probability of dropping during 0-20sec: 0.23
Probability of dropping during 20-40sec: 0.11
Probability of dropping during 40-50sec: 0.04
Probability of dropping during 50-60sec: 0.61
Now I want to know the probability of dropping the call during 50-60sec when it is known that the call has not been dropped during 0-20sec.
How can we solve it using Bayes theorem ?
Simply
$$\frac{0.61}{1-0.23}=\frac{61}{77}$$
This simple operation is exactly Bayes Theorem, or Conditional Probability formula...it's the same
Set:
$$P(A|B)=\frac{P(A\cap B)}{P(B)}=\frac{P(A)}{P(B)}$$
being $A \subset B$