In this blog we are going to discuss about the Applications of Probability and Statistics that is very much used in day today application as budget estimation or planning or future forecasting etc. It is also useful to read about combined events probability
Possibilities of occurrence of an event that is base on occurrence of other events or other independent events which are not based on any other events defined through the portability and it will be define in form of expression if event e is occurring then
Probability p (e) = number of favorable events / total number of events.
This phenomena is describe the probability of occurrence of an event when there are number of possible events in the sample space .Probability is an important concept in quantitative analysis .It is also used in calculation of complex results or unpredictable result .
When we talk about the application of statistics (taken from Gujarat board textbooks) first we know about the meaning of statistics that is define as the collection , analysis and data interpretation .When there is a data that may use in several statistical theory and various methods of discipline .there are several applications of statistics that are as follows :
(1) : It will give the simple and instant information on the topic it is centers .
(2) : Tools of the statistics are very useful in research area and also in studies in different fields that are as economics ,social science , medicine , business and many other fields .
(3) : It will use in different types of representation of collected and organized data that are based on the different charts and diagrams or graphs .
(4) : it will also used in the analysis of the data that will helps in making decision on that data or results .
In upcoming posts we will discuss about quartiles and Radical Equations in Grade XII. Visit our website for information on Correlation Coefficient Formula
Possibilities of occurrence of an event that is base on occurrence of other events or other independent events which are not based on any other events defined through the portability and it will be define in form of expression if event e is occurring then
Probability p (e) = number of favorable events / total number of events.
This phenomena is describe the probability of occurrence of an event when there are number of possible events in the sample space .Probability is an important concept in quantitative analysis .It is also used in calculation of complex results or unpredictable result .
When we talk about the application of statistics (taken from Gujarat board textbooks) first we know about the meaning of statistics that is define as the collection , analysis and data interpretation .When there is a data that may use in several statistical theory and various methods of discipline .there are several applications of statistics that are as follows :
(1) : It will give the simple and instant information on the topic it is centers .
(2) : Tools of the statistics are very useful in research area and also in studies in different fields that are as economics ,social science , medicine , business and many other fields .
(3) : It will use in different types of representation of collected and organized data that are based on the different charts and diagrams or graphs .
(4) : it will also used in the analysis of the data that will helps in making decision on that data or results .
In upcoming posts we will discuss about quartiles and Radical Equations in Grade XII. Visit our website for information on Correlation Coefficient Formula
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