4 posts with tag Statistics
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.
· 8 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.
· 6 minutes reading time
Cumulative standard normal distribution
Easy calculation of probabilities using a computed z-table.
· 2 minutes reading time
Statistics challenge and solution
How the central limit theorem of statistics can be useful to solve business problems.
· 3 minutes reading time