Probability and Distribution
Probability is the study of randomness. Probability distribution is a function that measures the probability of a specific outcome associated with the random variable.
Probability theory and statistics are about different aspects of uncertainty.
- In statistics, we use probability to try and find the underlying process of something that has happened and strive to explain the observations.
- Machine learning is similar to statistics. It makes a model that represents the process that generates the data.
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Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
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