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Chapter 5: Q 1. (page 246)

Why is probability theory important to statistics?

Short Answer

Expert verified

Probability theory help in predicting values and in the estimations in statistics.

Step by step solution

01

Step 1. Given information.

The given statement is:

Why is probability theory important to statistics?

02

Step 2. Importance of probability theory to statistics.

Given below is the importance of probability theory to statistics:

  1. The probability theory helps a lot when it comes to predicting values.
  2. The research includes the anticipated values.
  3. Statistical procedures are used to make estimations in statistics.
  4. As a result, probability theory is extremely important in statistics.

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