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Probability and Statistics: To p or not to p?

Description

We reside in an unsure and complicated world, but we regularly have to make selections within the current with unsure future outcomes. Certainly, we must be on the look-out for “black swans” – low-probability high-impact occasions.

To research, or not to research? To make investments, or not to make investments? To marry, or not to marry?

Whereas uncertainty makes decision-making tough, it does at the very least make life thrilling! If all the future was identified upfront, there would by no means be a component of shock. Whether or not a superb future or a nasty future, it might be a identified future.

On this course we think about many helpful instruments to cope with uncertainty and assist us to make knowledgeable (and therefore higher) selections – important expertise for a lifetime of fine decision-making.

Key matters embrace quantifying uncertainty with likelihood, descriptive statistics, level and interval estimation of means and proportions, the fundamentals of speculation testing, and a choice of multivariate functions of key phrases and ideas seen all through the course.



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