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Probability Theory Statistics
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The Collier Encyclopedia’s definition for probability is the concern for events that are not certain and the reasonableness of one expectation over another. These expectations are usually based on some facts about past events or what is known as statistics. Collier describes statistics to be the science of the classification and ma .... Middle of paper .... a race’s outcome. Usually it is if the odds or probability are great in favor of the desired outcome. However the future is uncertain and races can turn out any of a number of different ways.
The field of medicine is another high subscriber to this forecasting technique. Potential diagnoses are frequently made based on a patient’s history or that of his ancestors and the calculated likelihood of him/her acquiring certain conditions. ....
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Number of words: 512 Number of pages: 2 (approx. 250 words per double-spaced page)
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