History Level 0 Page. The outcome of the toss is random, but there are laws that control the randomness of unpredictable events, like tossing a coin. So, the ratio of the number of times the coin landed on heads, to the number of tosses would be fifty to one hundred or one to two.
Statistics is the science of the study of randomness.
We use Statistics in banking, insurance, medicine, and even playing poker. In this course you will learn some of the tools of Statistics and be able to apply then to real world problems. This is a highly interactive course. In many of the lessons you will be able to input your own values for the parameters and observe how the values affect the outcome. At the end of every chapter there will be a test.