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Sl.no Probability Statistics 01 Probability deals with predicting the likelihood of future events statisticsinvolves the analysis of the frequency of past events 02 Probability is primarily a theoretical branch of mathematics, which studies the consequences of mathematical definitions Statistics is primarily an applied branch of mathematics, which tries to make sense of observations in the real world. 03 probability theory enables us to find the consequences of a given ideal world Statistical theory enables us to measure the extent to which our world is ideal.
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