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End probability 2 - PowerPoint PPT Presentation

Probability: Liklihood of occurrence; we know the population,

Probability 2. More terms:. Probability: Liklihood of occurrence; we know the population, and we predict the outcome or the sample. Statistics: We observe the sample and use the statistics to describe the unknown population.

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End probability 2 - PowerPoint PPT Presentation

Probability: Liklihood of occurrence; we know the population,