Demystifying Probability and Statistics: A 5-Minute Explainer

Today's video outlines the fields of probability and statistics. More specifically, in this video primer I define probability and statistics, highlight their differences, and note how the two fields of study are related.

00:00 Video Overview
0:31 Marble Example
1:15 Defining Probability
1:55 Defining Statistics
3:07 Probability and Statistics in Practice
4:50 Conclusions

#probability #statistics #datascience

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Hello and welcome to the launch of RiskByNumbers!

I am a professor excited to share educational resources around probability, statistics, optimization methods, algorithms, and programming to a broad audience.

Outside of Youtube, you can currently find me in Vancouver, Canada at the University of British Columbia.

If this content resonates with you, or if you have further questions, leave a comment or reach out to me (while the channel is still relatively new) at RiskByNumbers@gmail.com. I am still getting the hang of social media, so, for now, the best place to connect with me is via LinkedIn: www.linkedin.com/in/omar-swei/

Thank you, and I look forward to seeing you in future videos!