ELI5: Explain Like I'm 5

Notation in probability and statistics

Notation in probability and statistics is the way that math symbols and numbers are used to represent different ideas or equation formulas. It helps us to communicate ideas between people who know different languages. For example, if someone says "the probability of X happening is 0.5", they mean that there is a 50% chance that X will happen. This is a simple way to write this idea.
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