This document discusses using Bayesian analysis and probabilistic modeling to build a tool that analyzes Craigslist housing listings data. It extracts key information like price and location from listings to develop likelihood and prior probability distributions. The goal is to predict the probability of finding a particular price given a location based on the data, using techniques like Gaussian and box car distributions to model the likelihood and prior respectively. The tool would filter out spam and noise words to provide more useful results for users searching housing listings.