When people say, “Lies, damned lies, and statistics,” they mean that the persuasive power of numbers can lead to misguided decisions when statistics are carelessly interpreted. This article explains and illustrates Simpson’s paradox, a statistical trick that can be misleading.
Calculating theoretical probability is a common practice in the design of digital products, like apps and websites. This blog post showcases a specific example of how music streaming websites utilize theoretical probability to recommend songs to their listeners.
Percent problems are quite common in every business because they help analyze business information and make better decisions. This article shows one real-world use case of how this analysis is performed.