Posts tagged law of large numbers
Calculating basic probabilities

Up to now we’ve been talking about statistics, which is all about data, and how to display, summarize, and analyze data. Now we’ll transition into probability, which is all about the likelihood of whether or not some event will occur.

The reason we study statistics and probability together is because when we collect data as part of a statistical study, we want to be able to use what we know about probability to say how likely it is that our results are reliable. So in that way, statistics and probability go hand-in-hand.

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