Probability and Possibility

. makes the first attempt at attacking the theory behind statistics - in this case represented by the concept of probability. Fundamentally, probability theory states that: 1) we’ve seen all the possible situations already; 2) [therefore] any new situation would only be a subset of the already known set of situations; 3) new situations occur randomly from the given known set; 4) following from 1, 2, 3, we can easily estimate what the new situation would look like by randomly picking from the known s