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Statistics and Probability Lecture 14

Statistics and probability are related fields that deal with collecting, analyzing, and drawing conclusions from data. Statistics involves organizing and interpreting past or present facts, while probability quantifies the chance that future events will occur. Together, statistics and probability are used extensively in business, government, science, and everyday life to make data-driven decisions under conditions of uncertainty.

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john christian de leon
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26 views2 pages

Statistics and Probability Lecture 14

Statistics and probability are related fields that deal with collecting, analyzing, and drawing conclusions from data. Statistics involves organizing and interpreting past or present facts, while probability quantifies the chance that future events will occur. Together, statistics and probability are used extensively in business, government, science, and everyday life to make data-driven decisions under conditions of uncertainty.

Uploaded by

john christian de leon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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STATISTICS AND PROBABILITY

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