Category Math
Intuition vs. mathematical facts
Examine the reliability of tests for detecting infections, using probability trees and Bayes' theorem to highlight the high potential for false positives.
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7 minutes reading time
Internal Rate of Return Calculation
Deconstructing the math of investment: estimate the annualized rate of return with the IRR algorithm and its Rust implementation.
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14 minutes reading time
The Monty-Hall-Problem
The problem is a brain-teaser, in the form of a probability puzzle. It has sparked endless debate. See the solution with a simulator.
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5 minutes reading time
Cumulative standard normal distribution
Easy calculation of probabilities using a computed z-table.
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3 minutes reading time
Statistics challenge and solution
How the central limit theorem of statistics can be useful to solve business problems.
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3 minutes reading time