Statistic and Probability Theory

Statistics is the science of collecting, analyzing, and interpreting data to understand and summarize information about a group or situation. It helps us make decisions based on evidence. Probability, on the other hand, measures how likely an event is to occur, expressed as a number between 0 and 1. Together, statistics and probability allow us to predict outcomes and assess risks, whether in business, healthcare, or everyday life. They help us make sense of uncertainty and provide insights that guide informed choices.