Understanding probability is essential in data science.
In 4 minutes, I'll demolish your confusion.
Let's go!
1. Statistical Distributions:
There are 100s of distributions to choose from when modeling data. Choices seem endless. Use this as a guide to simplify the choice.
2. Discrete Distributions:
Discrete distributions are used when the data can take on only specific, distinct values. These values are often integers, like the number of sales calls made or the number of customers that converted.