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A local company interested in marketing its new brand of headphones wants to know the best way to go about seeing the effectiveness of its recent advertising campaign. The company approached your Math III class for ideas, since you are studying statistics and probability right now. Using your knowledge from this module, your task is to create a new posting to explain to the company its options for soliciting the opinions of the general public. Make sure you identify the pros and cons of each possibility, and make your recommendation as to how the company should approach its market research

Answer :

The subject of a random event is covered in the mathematical field of probability.

Statistics is a field of mathematics that deals with gathering, analyzing, interpreting, and presenting vast amounts of numerical data.

Given,

Probability;-

Probability refers to potential. A random event's occurrence is the subject of this area of mathematics. The range of the value is 0 to 1. Mathematics has incorporated probability to forecast the likelihood of various events.

Statistics;-

Statistics are numerical representations of sample characteristics. One population parameter is the average income in the United States. On the other hand, a sample statistic is the average income for a sample taken from the United States. Although both figures correspond to the mean income, only one is a statistic.

Learn more about probability here;

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