Montag, 6. Oktober 2025

Probability & Statistics:

Aggarwal:

"The difference between probability and statistics is that between modeling the likelihood of future events and analyzing the frequency of past events. For example, if one throws a fair die, probability theory asserts that the chance of a particular face appearing is one out of six. However, if the die is actually thrown a number of times, the precise fraction will be different from the expected value of one out of six because of the natural variability associated with actual outcomes. In other words, the sample outcomes from a probabilistic model are only approximations of the probabilistically expected outcomes. Probability theory is useful for modeling expected outcomes, whereas statistics is useful for analyzing sample outcomes."

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