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Probability is used in everyday life. For example, in medicine in determining the chance of a drug working and by insurance companies in determining the cost of car insurance for different age groups.
However, some people also use this statistic as a guide to estimate personal risk as well. It is natural to think of such a statistic as a probability.
Circular Statistics and Probability Distributions Publication Trend The graph below shows the total number of publications each year in Circular Statistics and Probability Distributions.
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