Do I have the proper understanding of Bayes theorem?
The difference between conditional probability and Bayes Theorem of P(A|B), is
For Conditional Probability, it is the probability of A given B $$ P(A|B) =\frac{ P(A \cap B)}{P(B)} $$
While for Bayes Theorem, we utilize "A" as a parameter with B unknown $$ P(A|B) = \frac{P(B|A)P(A)}{P(B)} $$