IN BRIEF Statistics as a tool for persuasion in social sciences Analysis of demography and changes in populations 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 prominent role in social sciences, significantly contributing to … Read more
IN BRIEF Probabilities and games of chance: Introduction to the basic concepts. Calculating probabilities: Strategies to increase your chances of winning. The role of combinatorial calculation in assessing options. Examples of modeling related to well-known games. The importance of laws of chance: Failures and successes in gaming. Specific strategies for games like poker and lottery. … Read more
IN BRIEF Probability: measure of the chance that an event occurs (value between 0 and 1). Statistics: analysis of qualitative and quantitative data. Essential concepts: mean, median, mode. Probability calculation: favorable events divided by the total number of events. Random variables and probability distributions: fundamental concepts. Difference between probabilities and statistics: use of data. The … Read more
IN BRIEF Data analysis for informed decisions. Statistics as decision-making tools. Impact of data on strategic choices. Optimization of resources through statistical methods. Simplification of decision-making despite data complexity. Growing use of business data for optimal decisions. Fundamental role of statistics in corporate strategy. In a world where information abounds, statistics present themselves as an … Read more
IN BRIEF Big data requires applied mathematics. Statistics and probabilities are essential for data analysis. Optimization is a key tool for processing data. Understanding algorithms such as Deep Learning is crucial. Data Scientists and Data Engineers must master machine learning concepts. Mathematics is at the core of analytical tools to extract meaningful insights. Effective data … 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 probabilities during the 19th century. Kolmogorov introduces axiomatic principles in 1933. Abraham de Moivre and his contribution with “The Doctrine of Chances” in 1718. Probability theory was systematized … Read more