This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: support certain modelling conjectures, infer from them general conclusions and/or make decisions; • provide tools and methodologies for data analysis, which are ﬁrmly justiﬁed with the help of probability theory. 1 0.0.6 (Simpliﬁed) link between probability and statistics: Model probability→ Data Model statistics ←Data 0.0.7 Two schools of interpretation of “probability”: 1. Subjective — a measure of “chance” as perceived by a person, i.e. how likely that person “feels” that a designated event may occur. As more observed data are made available, one might adjust his/her perception from time to time to give the measure a more objective content. 2. Objective — a measure of chance from a frequentist viewpoint, i.e. longterm proportion of times that a designated event occurs if the observation process “were” replicated independently many many times. 2...
View
Full
Document
 Fall '08
 SMSLee
 Statistics, Probability

Click to edit the document details