Answer:
Probability and statistics are related areas of mathematics which concern themselves with analyzing the relative frequency of events. Still, there are fundamental differences in the way they see the world:
Probability deals with predicting the likelihood of future events, while statistics involves the analysis of the frequency of past events.
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.
Both subjects are important, relevant, and useful. But they are different, and understanding the distinction is crucial in properly interpreting the relevance of mathematical evidence. Many a gambler has gone to a cold and lonely grave for failing to make the proper distinction between probability and statistics.
Step-by-step explanation:
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