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Applied Probability and Statistics is one of the most complex subjects that allow a student to develop proficiency in the primary concepts over the basic terminology associated with the subject of statistics: descriptive statistics; introductory algebra and graphing; probability; regression and correlation. Beyond being a subject, it has real life application in information technology, business, science, and management, allowing one to know the effect of data over the life decisions. Further, no prerequisites are required to study this subject, as it covers simple probability calculations, as per the events that occur in the industries.
Under this subject, following areas are covered:-
- Principles and methods of probability-based mathematics to explain and solve problems.
- Study of the processes, operations, and the process to study the basic algebra to evaluate quantitative expressions, equations and inequalities.
- The relationship between two variables via correlation-regression and the interpretation of visual displays and numerical measures.
- Categorical and quantitative data pertaining to a single variable using numerical measures and appropriate graphical displays.
Thus, one needs to master in the entire above mentioned field in order to assure success in the degree course. But, besides having knowledge about the subject, one is required to devote quality time in researching over the statistical tools and thereby, producing large number of reports, which becomes way too hectic for a student thereby, he falls under undue stress.
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