You have (a belief about) a hypothesis. See some evidence about it. How should this information update your prior
belief.
Instead of using the meaningless A and B, we use here H for hypothesis and E for evidence.
P(H) the probability of the hypothesis being true before any evidence.
The current belief about the hypothesis; the "prior".
P(E|H) the probability of seeing evidence if the hypothesis is true. The "likelihood".
P(E) the probability of seeing evidence.
P(H|E) the probability the hypothesis is true given some evidence, i.e. when E is true.
The new, updated belief about the hypothesis; the "posterior".
Bayes' formula:
P(H|E) = P(H)·P(E|H) / P(E)
P(E)=P(H)·P(E|H)+P(H̄)·P(E|H̄)
How often the hypothesis is true among the cases where the evidence is true , i.e. what proportion.