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Probability Theory Statistics and the Decision Making Process

Date Submitted: 04/21/2003 07:35:52
Category: / Literature / English
Length: 2 pages (512 words)
Views: 43865

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…well as property. Probability and statistics play their most important roles in these fields medicine and weather. Many other facets of life use these tools of prediction, including sports, military planning, schools, police and any area where an anticipation of the most likely occurrence is necessary. One can never be absolutely certain of what the future holds but it is a calculated fact that probability and statistics are the closest things to knowing for sure.

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