Probability and statistics in decision making
Keywords:
Uncertainty, probability, statistics, decision makingAbstract
Probability and statistics are areas of study that originated in the 16th century and have developed throughout history. Probability refers to the degree of certainty that an event will occur, while statistics is responsible for collecting and analyzing data to generate explanations and predictions. These disciplines are applied in different fields. Some examples of applications of probability and statistics are predicting the weather, knowing which soccer team will win the World Cup or the behavior of investments in the stock market. Furthermore, given the increase in information, more complex systems have been developed to diagnose diseases, assign a price to insurance policies, or build autonomous cars. In this article we talk about these topics in greater depth.
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Revista Digital Universitaria es editada por la Universidad Nacional Autónoma de México se distribuye bajo una Licencia Creative Commons Atribución-NoComercial 4.0 Internacional. Basada en una obra en http://revista.unam.mx/.