A thin line between Probability & Proportion

Probability and Proportion are not the same. Although they appear to be the same however there is a very thin line between these two concepts. Let me explain! Probability vs Proportion What is probability? Wikipedia definition “Numerical descriptions of how likely an event is to occur or how likely the proportion is ture” Simply put, it’s a way of measuring an expected outcome of an event. For example, if I flip a fair coin what are the chances of getting a Head....

May 17, 2022 · Sudheer Tammini