Tag Statistics

The Monty-Hall-Problem

Math

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.

· 5 minutes reading time
Cumulative standard normal distribution

Math

Cumulative standard normal distribution

Easy calculation of probabilities using a computed z-table.

· 2 minutes reading time
Statistics challenge and solution

Math

Statistics challenge and solution

How the central limit theorem of statistics can be useful to solve business problems.

· 3 minutes reading time