Probability

Importance of the Concept of Probability in Statistics
Business Statistics & Statistics

Importance of the Concept of Probability in Statistics

Lata Agarwal

Importance of the Concept of Probability in Statistics – Before learning statistical decision procedures, one must have to know an understanding of probability theory. […]

History of Probability Theory origin
Business Statistics & Statistics

History of Probability

Lata Agarwal

History of Probability – The theory of probability evolved from games of chance and gambling. In 1654, a gambler’s dispute over the […]

Introduction of Probability, Definition of Probability
Business Statistics & Statistics

Introduction and Definition of Probability

Lata Agarwal

Introduction and Definition of Probability – The term “probability” or “chance” is used very commonly in everyday conversation, yet most […]