Probability and Statistics

Probability is a measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

A histogram is a graphical representation of the distribution of numerical data, showing the frequency of data points within specified ranges (bins).

It means that out of 100 trials, you can expect to win approximately 26 times.

The median is the middle value when the data points are arranged in ascending order.

The range is calculated by subtracting the smallest value from the largest value in the data set.

A box plot is a standardized way of displaying the distribution of data based on a five-number summary: minimum, first quartile, median, third quartile, and maximum.

'At least' means that the event can occur at that number or any number greater than it.

'At most' means that the event can occur at that number or any number less than it.

A frequency distribution shows how often each value occurs in a data set, helping to identify patterns or trends.

50% odds indicate an equal chance of winning or losing an event.