Probability and Statistics: Understand the Numbers, See Bigger Picture, Make Better Decisions

We live in a world where many things are uncertain. We wonder whether it will rain tomorrow, whether a particular investment will be profitable, how reliable a medical test is, or how likely something is to happen. At the same time, we are surrounded by numbers, percentages, charts and statistics. We see them in newspapers, advertisements, news reports, business decisions and even on our mobile phones. Probability and statistics help us make sense of this uncertain world. Probability helps us think about what might happen and how likely it is to happen. Statistics helps us understand what has happened by looking at data and finding meaningful patterns. This book is a simple introduction to both subjects. It does not attempt to cover every formula or technical detail. Instead, it focuses on the basic ideas that help us understand chance, uncertainty, data and risk. Through familiar examples involving coins, dice, cards, weather forecasts, medical tests, averages, percentages and graphs, the book gradually builds an intuitive understanding of the subject. >I hope this little book helps you look at numbers and everyday situations with a clearer and more thoughtful perspective.