In this video, we will go over the differences between probability and statistics.
First, we will cover two areas of statistics, descriptive and inferential statistics, then talk about the difference between probability and statistics. Finally, we’ll touch on the relationship between the two.
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Contents of this video:
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00:00 Introduction
00:53 Descriptive Statistics
01:23 Inferential Statistics
02:10 Data Scientist Job Market Trend Example
03:28 Probability
05:01 Difference Between Probability Theory and Inferential Statistics
07:30 The Relationship Between Probability and Statistics
08:05 Two Schools of Inferential Statistics
09;14 Summary