A sample space is the set of possible outcomes of an experiment. A realization or an outcome is an element of a sample space. An event is a subset of a sample space, i.e., a set of realizations. A ...

"In some processes, several outcomes are possible. When the process is repeated a large no of times, each outcome occurs with a characteristic relative frequency or probability. If a particular ...

Abstract: The field of statistics is often divided into descriptive statistics and inferential statistics. Descriptive statistics concerns collecting and representing facts and interpretations.