Part one of term paper
The Collier Encyclopedia’s definition for probability is the concern for events that are not certain and the reasonableness of one expectation over another. These expectations are usually based on some facts about past events or what is known as statistics. Collier describes statistics to be the science of the classification and manipul ...

Part two of term paper
... events yet to occur and this has lead to it being the most widely accepted “fortune telling” tool in the world today. Probability and Statistics most widespread use is in the arena of gambling. Gambling is big all over the world and lots of money is won and lost with their aid. In horse racing especially the statistics of a horse in terms of its physical condition and winning history sway numbers of persons into believing that the mathematical evidence that is derived can actually be ...