Statistics 101- Part 2- Probability Distributions, Types, and Applications

Definition of the probability distribution, different types of distributions, their explanation, and applications

This article is in continuation of Statistics 101-Part 1 article. Here, we will discuss probability distributions, their types, and applications. Probability distributions are building blocks of business decisions based on statistical analysis, machine learning, and others. Hence, understanding the concepts related to probability distribution is vital.

Contents

• Probability distribution definition and important concepts
• Types of probability distributions
• Choosing the right distribution …

applications data science distribution part probability statistics types