The subjects of statistics and probability are interrelated and are generally studied together. They can be applied in a number of fields such as finance, machine learning, game theory, etc. The book presents researches and studies performed by experts across the globe. From theories to research to practical applications, case studies related to all contemporary topics of relevance to this field have been included in this book. Through it, we attempt to further enlighten the readers about the new concepts in this field.The subjects of statistics and probability are interrelated and are generally studied together. They can be applied in a number of fields such as finance, machine learning, game theory, etc. The book presents researches and studies performed by experts across the globe. From theories to research to practical applications, case studies related to all contemporary topics of relevance to this field have been included in this book. Through it, we attempt to further enlighten the readers about the new concepts in this field.The subjects of statistics and probability are interrelated and are generally studied together. They can be applied in a number of fields such as finance, machine learning, game theory, etc. The book presents researches and studies performed by experts across the globe. From theories to research to practical applications, case studies related to all contemporary topics of relevance to this field have been included in this book. Through it, we attempt to further enlighten the readers about the new concepts in this field.