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The term chance is derived in the Latin word probabilitias which suggests probity. It's used for describing an Frame of mind of brain for a few proposition of whose fact or outcome we are not specified about.
Statistician Arthur Lyon Bowley defines statistics as "Numerical statements of information in almost any department of inquiry placed in relation to each other."
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Utilized statistics comprises descriptive statistics and the appliance of inferential statistics.[fifty eight] Theoretical statistics concerns the sensible arguments fundamental justification of methods to statistical inference, as well as encompassing mathematical statistics.
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