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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6 min read
Statistics
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.
· 4 min read
Cumulative standard normal distribution
Easy calculation of probabilities using a computed z-table.
· 2 min read
Statistics challenge and solution
How the central limit theorem of statistics can be useful to solve business problems.
· 2 min read