0
The importance of probability and statistics can be found in many business aspects. For example, a loan officer at a bank is going to need to analyze statistical data to determine the feasibility of a loan on a house in a given area. Scientists use probability and statistical data when performing experiments. It is also used in astronomy to calculate where a given star will be at a given time based on past statistical data.
Still curious? Ask our experts.
Chat with our AI personalities
Steve
Judy
MaxineAdd your answer:
Earn +20 pts
What was lengendre contribution to statistics?
Lengendre was the one who introduced the importance of probability to statistics.
How are probability and statistics related?
Probability is the theoretical basis that underpins statistics.
How is probability related to statistics?
Probability is related to statistics in a direct manner. When one is doing a research for statistics, probability has to be used especially in sampling a small region.
Importance of statistics in science?
what is the importance of statistics?
What is differ of mean?
Probability/ Statistics
