Day: August 23, 2018

The Difference Between Probability and Statistics

The Difference Between Probability and Statistics

The Difference Between Probability and Statistics

08/23/18

“What is the difference between Probability and Statistics?”

 

In everyday talk, probability and statistics are lumped together. But in reality they are more like two sides of the same coin. Probability is the prediction of the likelihood of future events while Statistics is the analysis of the frequency of past events. Therefore, this is The Difference Between Probability and Statistics.