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Probability: The chance that something will occur, he said expressed as being the ratio of favorable outcomes to all feasible outcomes.

Statistics supplies solutions to help distinguish opportunity variation in information from meaningful designs which include traits or interactions among the variables.

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It is actually used to describe and model random functions, and also to predict their results.The Probability of the Event (or “P”) is defined as the volume of ways that an occasion can take place divided by the full amount of probable outcomes.

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