From the course: Machine Learning Foundations: Statistics
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Defining statistics - Python Tutorial
From the course: Machine Learning Foundations: Statistics
Defining statistics
- [Presenter] Statistics are all around us: from computing averaging grades in subject to filling in a sensor data or population record with personal information such as date of birth, residence, occupation, and marital status, which is used in the population service or demographic statistics, etcetera. Or every year, your health insurance asks for your age, existing medical conditions, current health status, et cetera. Statistics is a branch of mathematics that deals with the study and manipulation of data including ways to gather, review, analyze, and draw conclusions from data. Probability and statistics go hand in hand like peanut butter and jelly. We use data and probability to estimate how likely an event is to happen. Statistics are at the center of many data-driven decisions and innovations. Machine learning relies heavily on statistics, searching for possible hypothesis to correlate relationships between…
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