Statistics and probability

A characteristic that is observable or measurable in every unit of the universe or population

The set of all possible outcomes of an experiment

can only take finite (countable) number of distinct values. The values are EXACT and can be represented by nonnegative

methods for using sample data to make general conclusions about population or about the result derived from a data set

refers to a probability that is based on historical data

procedure that can be infinitely repeated and has a well-defined set of possible outcomes

1 analysis of data2 interpretation and conclusion 3Collectionofdata4organization and present data

Both are used to analyze and make sense of data

can assume an finite number of values in an interval between 2 specific values. The values can be represented by fractio

It assumes that all outcomes in the sample space are equally likely to occur

This is the probability to an event based on the subjective judgement, experience, information and belief

Types of statistics

The branch of mathematics concerning numerical description of how likely an event to occur

the study of collecting, analyzing, interpreting, presenting, and organizing data. It helps us make sense of numbers

A set of possible values from a random experiment

Probability deals with the analysis and interpretation while statistic deals with the likelihood of events happening inf

Total number of sample space