IN BRIEF Statistics as a tool for persuasion in social sciences Analysis of demographics and population trends Importance of statistical methods for data interpretation Role of correlations in exploratory analysis Usefulness of descriptive statistics in various fields Impact of statistics on economic development Statistics play a central role in social sciences, significantly contributing to the … Read more
IN BRIEF Probabilities and games of chance: Introduction to the basic concepts. Calculating probabilities: Strategies to increase the chances of winning. The role of combinatorial calculations in evaluating options. Examples of modeling related to well-known games. The importance of laws of chance: Failures and successes in games. Specific strategies for games like poker and lottery. … Read more
IN BRIEF Probability: a measure of the chance that an event will occur (value between 0 and 1). Statistics: analysis of qualitative and quantitative data. Essential concepts: mean, median, mode. Calculation of probability: favorable events divided by the total number of events. Random variables and probability laws: fundamental notions. Difference between probabilities and statistics: use … Read more
IN BRIEF Data analysis for informed decisions. Statistics as decision-support tools. Impact of data on strategic choices. Optimization of resources through statistical methods. Simplification of decision-making despite the complexity of data. Growing use of business data for optimal decisions. Fundamental role of statistics in corporate strategy. In a world where information abounds, statistics present themselves … Read more
IN BRIEF Origins of probability theory in games of chance. 1654: Correspondence between Pierre de Fermat and Blaise Pascal marking the beginning of probability calculation. Development of probability during the 19th century. Kolmogorov introduced the axiomatic approach in 1933. Abraham de Moivre and his contribution with “The Doctrine of Chances” in 1718. Probability theory was … Read more