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Essay Galaxy - Probability Theory Statistics 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 manipulation of data in order to draw inferences. Inferences here can be read to mean expectations, leading to the conclusion that the two go hand in hand in accomplishing what mankind has tried to accomplish since the beginning of time – predicting the future. It is the notion of science that this is the most accurate way to predict events yet to occur and this has lead to it being the most widely accepted “fortune telling” tool in the world today. Probability and Statistics most widespread use is in the arena of gambling. Gambling i....

Number Of Pages: 2 Number Of Words: 295

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