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)

225

1.21K reads

CURATED FROM

IDEAS CURATED BY

clevercoworker

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.

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates