Statistics & Probability#
Statistics is a branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data. Statistics is a broad field, and it encompasses a wide range of methods and techniques for exploring, modeling, and understanding data. Statistics is used in many different fields, including science, engineering, business, economics, and social sciences, and it is an essential tool for making data-driven decisions and for answering research questions. Some examples of the types of problems that statistics can be used to solve include estimating the size of a population, testing hypotheses, comparing groups, and predicting future outcomes. Statistics is a fundamental discipline in the field of data science, and it is an important tool for understanding and working with data.
Probability is a branch of mathematics that deals with the study of random events and processes. Probability is used to model and analyze the likelihood of different outcomes or events, and it is an important tool for making predictions and decisions in uncertain or stochastic situations. Probability is based on the idea of assigning numerical values, known as probabilities, to different events or outcomes, and it uses a set of rules and principles to combine and manipulate those probabilities. Probability is used in many fields, including science, engineering, finance, and gambling, and it is an essential tool for making predictions, modeling risk, and analyzing data. Probability is a fundamental discipline in the field of statistics, and it is an important tool for working with data and making data-driven decisions.