Probability: A Fundamental Tool of Statistics
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There is sometimes confusion over the distinction between Probability and Statistics. While both may use probabilistic models, one useful point of separation is in the purpose of the application. Probability is concerned with the characteristics of outcomes which are generated by a chosen model whereas Statistics is concerned with the characteristics of models which might have generated an observed outcome. In other words, they may be looking at the same experimental situation but from opposite directions.
KeywordsProbability Distribution Sampling Distribution Sample Space Joint Probability Distribution Formal Connection
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