What are Place Values?
What are Probability and Statistics?
Probability is defined as expectations, possibility, or chances. The quality or state of being probable; the extent to which something is likely to happen or be the case.
Probability is quantified as a number between 0 and 1, where loosely speaking, 0 indicates impossibility, and 1 indicates certainty. The higher the probability of anything, the higher the chances of that event occurs.
Examples: There is 50% chance of rain tomorrow.
In a drawer of 10 socks where 8 of them are red, there is a 20% chance of choosing socks that are not the same.
The probability of winning a lottery is 1 in Millions.
There is a 50% chance of snow tonight.
Statistics is defined as numerical data. It is the branch of mathematics that deals with data collection, organization, interpretation, analysis, and presentation.
Examples: A report of numbers saying how many followers of each religion in a particular country.
In a recent survey of Americans, "52%" of Republicans say Global warming is happening.
The Manager of a large hotel located near Disney World indicated that 20 selected guests had a mean length of stay equal to "5.6" days.