Define probability and explain the importance of this concept in statistics
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The probability theory provides a means of getting an idea of the likelihood of occurrence of different events resulting from a random experiment in terms of quantitative measures ranging between zero and one. The probability is zero for an impossible event and one for an event which is certain to occur.
Step-by-step explanation:
Probability is a notion which we use to deal with uncertainty. If an event can have an number of outcomes, and we don't know for certain which outcome will occur, we can use probability to describe the likelihood of each of the possible events.
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