I have stressed this distinction because it is an important one. It defines the fundamental difference between probability and statistics: the former concerns predictions based on fixed probabilities
the latter concerns the inference of those probabilities based on observed data.
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"the latter concerns the inference of those probabilities based on observed data. Quotes." Quoteslyfe.com, 2024. Sun. 22 Dec. 2024. <https://www.quoteslyfe.com/quote/I-have-stressed-this-distinction-because-it-247227>.
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This page presents the quote "I have stressed this distinction because it is an important one. It defines the fundamental difference between probability and statistics: the former concerns predictions based on fixed probabilities". Author of this quote is the latter concerns the inference of those probabilities based on observed data.. .