probStat
ProbStat, a portmanteau of probability and statistics, refers to the interconnected fields of study concerned with data and uncertainty. Probability theory provides the mathematical framework for quantifying randomness and likelihood. It deals with events, random variables, and their distributions, allowing us to model uncertain phenomena. Key concepts include probability distributions, expected values, and the laws of probability.
Statistics, on the other hand, focuses on collecting, organizing, analyzing, interpreting, and presenting data. It uses
The synergy between probability and statistics is fundamental. Probability provides the theoretical underpinnings that allow statisticians