what is meaning of probability and stastis
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Probability is the study of chance and is a very fundamental subject that we apply in everyday living, while statistics is more concerned with how we handle data using different analysis techniques and collection methods. These two subjects always go hand in hand and thus you can't study one without studying the other.
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The probability of an event is a measure of the likelihood that the event will occur. ... The sum of probabilities of all sample points in a sample space is equal to 1. The probability of event A is the sum of the probabilities of all the sample points in event A. The probability of event A is denoted by P(A).
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