The Power of Statistics

Statistics are everywhere - in sports, medicine, the economy and now they can be used to predict your next Netflix binge-watch. We’re now more reliant on stats than ever.

Deceptive tactics: Often statistics are used to polish ugly numbers into prettier ones. For example, hearing that the National Defense Department budget will increas

Mean vs. Median: George W. Bush’s tax cuts were announced as saving an average of $1,000

Probability: During the 1981 Superbowl, with the majority of the country watching live, Schlitz Beer made a daring PR move thanks to their use of probability. They h

Correlation versus Causation: Correlation

Biases: Many of our own biases can muddy the truth. For example, the Healthy User bias cites how people who take vitamins are healthier than those who do not. Howeve

Regression Analysis: Studies show that job stress can cause heart disease. However, this

Skip the Insurance: It’s well known that people will spend more on their insura

The Central Limit Theorem: Called “The Lebron James of of statistics—if LeBron were also

Statistics are what today’s Big Data age is all about. They can be as frivolous as proving the “unequivocal best baseball player ever” and as critical as Cardiologists using them to determine whether or not to oper