When Was Probability Invented?: Rojas Sotelo Jesshael 3.-F
When Was Probability Invented?: Rojas Sotelo Jesshael 3.-F
When Was Probability Invented?: Rojas Sotelo Jesshael 3.-F
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PROBABILITY
Probability means possibility. It is a branch of mathematics that deals with the
occurrence of a random event. The value is expressed from zero to one. Probability
has been introduced in Maths to predict how likely events are to happen
PROBABILITY APPLICATIONS
We often use probability assessments informally in our daily lives to plan or make
decisions. Formal probability theory is a fundamental tool used by researchers,
health-care providers, insurance companies, stockbrokers and many others to
make decisions in contexts of uncertainty. Probability provides information about
the likelihood that something will happen. Meteorologists, for instance, use
weather patterns to predict the probability of rain. In epidemiology, probability
theory is used to understand the relationship between exposures and the risk of
health effects.
GAMBLING: CASINOS
As you will understand, casino owners are in business to make money so they have
studied very well what is the probability that the client wins in each game and they
know perfectly well that this probability is low.
METEOROLOGY
The predictions that meteorologists make about the weather in the next few days
are made based on the patterns of what has happened in previous years and are
expressed in terms of probability: "the probability of rain is 90%"
MEDICAL DECISIONS
If a patient needs surgery, they will want to know the probability of success in
deciding whether or not to have surgery. The same happens when a treatment has
to be started, it would be desirable to know the probability of success based on the
results previously obtained in other patients.
LIFE EXPECTANCY
WHEN WAS STATISTICS INVENTED?
We can say that the History of statistics begins around 1749, although over time,
there have been changes in the interpretation of the word "statistics". At first, the
meaning was restricted to information about the states.
STATISTICS:
Statistics is a science and a branch of mathematics through which a series of data is
collected, analyzed, described and studied in order to establish comparisons or
variabilities that allow understanding a particular phenomenon.
STATISTICAL APPLICATIONS:
IN THE LABOR FIELD
Statistics are usually used in different areas of the labor field. The strategic planning of
an organization is based fundamentally on forecasting and budget studies. The control
mechanisms, in charge of the compliance departments, are applied based on the
historical results obtained from statistical studies.
IN SPORTS
Athletes' records are drawn up based on their performance by number of games or
matches in which they have participated. In the case of baseball players, their
performance is measured by their batting percentage, runs scored, and stolen bases.
SPORTS BETS
Sports betting forecasts are determined by the data that is collected and that the
statistics are responsible for analyzing. That is, a betting house will have higher or
lower odds depending on what the statistics consider most likely to happen.
ON SALES
The world of sales is planned based on detailed analysis of the needs of consumers,
their tastes and preferences. The measurement of the quality of the service, the level
of customer satisfaction and the sales strategies themselves are determined by the
application of statistical techniques.