Key Concepts in Statistics - Deepstash

Key Concepts in Statistics

We often feel anecdotes from people we know more persuasive than scientific evidence. This is because we don’t understand statistics well.

3 key concepts we must always remember:

  1. Law of Large Number (more data in a sample, more accurate conclusion)
  2. Regression Toward the Mean (extreme result will be followed by moderate ones)
  3. Bayes’ Theorem (just because probability of A given that B occurs is high, it doesn’t mean that probability of B given A occurs is also high)

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Lifelong learner and content creator. Helping you to find joy at work, get more things done, and be your best self.

This book is based on a popular course in Yale University and is written by the professor.

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