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Read through the most famous quotes by topic #statistic
Unfortunately, Climate Science has become Political Science. It is tragic that some perhaps well-meaning but politically motivated scientists who should know better have whipped up a global frenzy about a phenomena which is statistically questionable at best. ↗
Statistics are the triumph of the quantitative method, and the quantitative method is the victory of sterility and death. ↗
The media transforms the great silence of things into its opposite. Formerly constituting a secret, the real now talks constantly. News reports, information, statistics, and surveys are everywhere. ↗
The individual source of the statistics may easily be the weakest link. ↗
#individual #link #may #source #statistics
The value for which P=0.05, or 1 in 20, is 1.96 or nearly 2; it is convenient to take this point as a limit in judging whether a deviation ought to be considered significant or not. Deviations exceeding twice the standard deviation are thus formally regarded as significant. Using this criterion we should be led to follow up a false indication only once in 22 trials, even if the statistics were the only guide available. Small effects will still escape notice if the data are insufficiently numerous to bring them out, but no lowering of the standard of significance would meet this difficulty. ↗
Another mistaken notion connected with the law of large numbers is the idea that an event is more or less likely to occur because it has or has not happened recently. The idea that the odds of an event with a fixed probability increase or decrease depending on recent occurrences of the event is called the gambler's fallacy. For example, if Kerrich landed, say, 44 heads in the first 100 tosses, the coin would not develop a bias towards the tails in order to catch up! That's what is at the root of such ideas as "her luck has run out" and "He is due." That does not happen. For what it's worth, a good streak doesn't jinx you, and a bad one, unfortunately , does not mean better luck is in store. ↗
#luck #math #probability #statistics #math
