Chapter Three

6950666413_dfce2b3a52_c[1]

Beware the Base Rate

Posted by & filed under , .

Does the sign above tell you whether you are more likely to drown if you are not wearing a life jacket? Think about it a bit. Derek Bruff, ┬áthe mathematician who took this picture, points out the sign doesn’t tell you anything unless you know what percentage of people wear lifejackets on the lake. Imagine [...]

4381325458_ebe8a27d5c_z[1]

Weighted Means & Standardization

Posted by & filed under , .

  You probably already know about and have used weighted means — they are one of the most popular ways for professors to calculate grades. For example, if quizzes are going to be 30% of the grade and the midterm + final is going to be 70% of the grade then if your grades look [...]