Name three areas where probability is used.

Elementary Statistics: A Step By Step Approach

10th Edition

ISBN: 9781260042054

Author: Bluman

Publisher: MCG

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Chapter 1.1, Problem 6E

Name three areas where probability is used.

Statistics that allow for inferences or estimates about the population. Inferential statistics enable analysts come to conclusions about the population based on sample data. Inferential statistics cover the basics of inferential statistics, all kinds of hypotheses tests and their confidence intervals, design of experiments, and statistical power and errors. It also includes point estimation techniques, limit theorems, sampling distributions, approximations, and bounds. Correlation, regression, and association are also covered under inferential statistics to infer relationships between variables.

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Chapter 1.1, Problem 5E

Chapter 1.1, Problem 7E

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Name three areas where probability is used.

Solution Summary: The author explains the three areas where probability is used: estimation, hypothesis testing, and predictions, which are part of inferential statistics.

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