Read through the most famous quotes by topic #statistics
Out of a hundred people: Those who always know better- 52 Doubting every step- all the rest Glad to lend a hand if it doesn’t take too long- as high as 49 Always good, because they can’t be otherwise- 4 maybe 5 Able to admire without envy- 18 Living in constant fear of something or someone- 77 Capable of happiness- 20 something tops Harmless singly, savage in crowds- half at least Wise after the fact- just a couple more than wise before it Taking only things from life- 30 (I wish I were wrong) Righteous- 35, which is a lot Righteous and understanding- 3 Worthy of compassion- 99 Mortal- 100 out of 100 (Thus far this figure still remains unchanged.) ↗
#statistics #wisdom #life
Another mistaken notion connected with the law of large numbers is the idea that an event is more or less likely to occur because it has or has not happened recently. The idea that the odds of an event with a fixed probability increase or decrease depending on recent occurrences of the event is called the gambler's fallacy. For example, if Kerrich landed, say, 44 heads in the first 100 tosses, the coin would not develop a bias towards the tails in order to catch up! That's what is at the root of such ideas as "her luck has run out" and "He is due." That does not happen. For what it's worth, a good streak doesn't jinx you, and a bad one, unfortunately , does not mean better luck is in store. ↗
#luck #math #probability #statistics #math
Statistics suggest that when customers complain, business owners and managers ought to get excited about it. The complaining customer represents a huge opportunity for more business. ↗
