Search Results: everyday-probability-and-statistics

Everyday Probability and Statistics

Health, Elections, Gambling and War

Author: Michael Mark Woolfson

Publisher: World Scientific

ISBN: 190897771X

Category: Mathematics

Page: 288

View: 7241

Probability and statistics impinge on the life of the average person in a variety of ways — as is suggested by the title of this book. Very often information is provided that is factually accurate but intended to give a biased view. This book presents the important results of probability and statistics without making heavy mathematical demands on the reader. It should enable an intelligent reader to properly assess statistical information and to understand that the same information can be presented in different ways. In this second edition the author presents a new chapter exploring science and society including the way that scientists communicate with the public on current topics, such as global warming. The book also investigates pensions and pension policy, and how they are influenced by changing actuarial tables. Contents:The Nature of ProbabilityCombining ProbabilitiesA Day at the RacesMaking Choices and SelectionsNon-Intuitive Examples of ProbabilityProbability and HealthCombining Probabilities: The Craps Game RevealedThe UK National Lottery, Loaded Dice and Crooked WheelsBlock DiagramsThe Normal (or Gaussian) DistributionStatistics: The Collection and Analysis of Numerical DataThe Poisson Distribution and Death by Horse KicksPredicting Voting PatternsTaking Samples: How Many Fish in the Pond?Differences: Rats and IQsCrime is Increasing and DecreasingMy Uncle Joe Smoked 60 a DayChance, Luck and Making DecisionsScience and SocietyThe Pensions Problem Readership: Undergraduate students in mathematics; general public interested in probability and statistics. Keywords:Probability;StatisticsKey Features:Assumes a modest mathematical backgroundDeals with matters of everyday lifePresents problems and solutions for the reader to test their level of understanding

Applying Statistics and Probability to Everyday Life

Author: Erik Richardson

Publisher: Cavendish Square Publishing, LLC

ISBN: 1502619733

Category: Juvenile Nonfiction

Page: 128

View: 4412

Stopping a plague (even zombies), tomorrow’s likelihood of rain, and buying a lottery ticket are united by chance. Wildlife conservation, a baseball box score, and governmental spending are united by the need to record numbers. Statistics and probability measure the current state of something and the relative likelihood of potential future states. This book will explore how common experiences are counted, evaluated, and used to make intelligent decisions for the future based on uncertain outcomes.

Introduction to Probability and Statistics for Engineers and Scientists

Author: Sheldon M. Ross

Publisher: Academic Press

ISBN: 9780080919379

Category: Mathematics

Page: 680

View: 3118

This updated text provides a superior introduction to applied probability and statistics for engineering or science majors. Ross emphasizes the manner in which probability yields insight into statistical problems; ultimately resulting in an intuitive understanding of the statistical procedures most often used by practicing engineers and scientists. Real data sets are incorporated in a wide variety of exercises and examples throughout the book, and this emphasis on data motivates the probability coverage. As with the previous editions, Ross' text has remendously clear exposition, plus real-data examples and exercises throughout the text. Numerous exercises, examples, and applications apply probability theory to everyday statistical problems and situations. New to the 4th Edition: - New Chapter on Simulation, Bootstrap Statistical Methods, and Permutation Tests - 20% New Updated problem sets and applications, that demonstrate updated applications to engineering as well as biological, physical and computer science - New Real data examples that use significant real data from actual studies across life science, engineering, computing and business - New End of Chapter review material that emphasizes key ideas as well as the risks associated with practical application of the material

Probably Not

Future Prediction Using Probability and Statistical Inference

Author: Lawrence N. Dworsky

Publisher: John Wiley & Sons

ISBN: 0470282045

Category: Mathematics

Page: 328

View: 5866

An engaging, entertaining, and informative introduction to probability and prediction in our everyday lives Although Probably Not deals with probability and statistics, it is not heavily mathematical and is not filled with complex derivations, proofs, and theoretical problem sets. This book unveils the world of statistics through questions such as what is known based upon the information at hand and what can be expected to happen. While learning essential concepts including "the confidence factor" and "random walks," readers will be entertained and intrigued as they move from chapter to chapter. Moreover, the author provides a foundation of basic principles to guide decision making in almost all facets of life including playing games, developing winning business strategies, and managing personal finances. Much of the book is organized around easy-to-follow examples that address common, everyday issues such as: How travel time is affected by congestion, driving speed, and traffic lights Why different gambling casino strategies ultimately offer players no advantage How to estimate how many different birds of one species are seen on a walk through the woods Seemingly random events—coin flip games, the Central Limit Theorem, binomial distributions and Poisson distributions, Parrando's Paradox, and Benford's Law—are addressed and treated through key concepts and methods in probability. In addition, fun-to-solve problems including "the shared birthday" and "the prize behind door number one, two, or three" are found throughout the book, which allow readers to test and practice their new probability skills. Requiring little background knowledge of mathematics, readers will gain a greater understanding of the many daily activities and events that involve random processes and statistics. Combining the mathematics of probability with real-world examples, Probably Not is an ideal reference for practitioners and students who would like to learn more about the role of probability and statistics in everyday decision making.

Everyday Statistical Reasoning

Possibilities and Pitfalls

Author: Timothy J. Lawson

Publisher: Wadsworth Publishing Company

ISBN: 9780534590949

Category: Education

Page: 142

View: 3257

Lawson uses scientific research and interesting examples to explain to students how statistical concepts can be applied to everyday decisions and judgements. Practical, user-friendly discussion of topics such as probability, correlation, and covariance help students make the connections between statistical concepts and the work they do in their psychology courses and labs.

The Empire of Chance

How Probability Changed Science and Everyday Life

Author: Gerd Gigerenzer,Theodore Porter

Publisher: Cambridge University Press

ISBN: 9780521398381

Category: History

Page: 340

View: 5803

This book tells how quantitative ideas of chance have transformed the natural and social sciences as well as everyday life over the past three centuries. A continuous narrative connects the earliest application of probability and statistics in gambling and insurance to the most recent forays into law, medicine, polling, and baseball. Separate chapters explore the theoretical and methodological impact on biology, physics, and psychology. In contrast to the literature on the mathematical development of probability and statistics, this book centers on how these technical innovations recreated our conceptions of nature, mind, and society.

Struck By Lightning

The Curious World of Probabilities

Author: Jeffrey S. Rosenthal

Publisher: HarperCollins Canada

ISBN: 1443401676

Category: Science

Page: 288

View: 3460

From lotteries, opinion polls and insurance to worries about murder rates, natural disasters and terrorism, probability plays a major part in our everyday lives—a part that is frequently and needlessly misunderstood. Jeffrey S. Rosenthal, a math professor and improvisational comedian, comes to the rescue with this irreverent, bestselling exploration of the odds and oddities of randomness. Looking at such familiar topics as poker hands, e-mail spam, political elections and game shows, Struck by Lightning puts probability into perspective and has fun along the way.

The Britannica Guide to Statistics and Probability

Author: Britannica Educational Publishing

Publisher: Britannica Educational Publishing

ISBN: 161530228X

Category: Juvenile Nonfiction

Page: 288

View: 4061

By observing patterns and repeated behaviors, mathematicians have devised calculations to significantly reduce human potential for error. This volume introduces the historical and mathematical basis of statistics and probability as well as their application to everyday situations. Readers will also meet the prominent thinkers who advanced the field and established a numerical basis for prediction.

Chances Are--

Making Probability and Statistics Fun to Learn and Easy to Teach

Author: Nancy Pfenning

Publisher: PRUFROCK PRESS INC.

ISBN: 1882664353

Category: Education

Page: 176

View: 709

Do you avoid teaching probability and statistics because the subjects seem confusing and complex? Are you less than sure about your knowledge of the topics? Let Chances Are take you and your students on a fun and exciting mathematical journey none of you will ever forget! Filled with easy-to-understand explanations and creative activities, this book offers teachers a simple method for teaching probability and statistics in an enjoyable way. This book can serve as an introduction for any beginner, from gifted and advanced students in upper elementary school, to high school students needing enrichment or preparation for Advanced Placement Statistics or future college courses. From helping to win a card game, to making life-or-death medical decisions, the uses of probability and statistics are virtually endless. For teachers of elementary students, the book offers simple, hands-on lessons and activities about probability and basic statistics. For teachers of older students, advanced statistical concepts are discussed and activities are provided. Reviewers have found the book's level to be appropriate for a wide range of ages, from fourth graders to postsecondary students.

Probabilities in Everyday Life

Author: John D. McGervey

Publisher: Ivy Books

ISBN: 9780804105323

Category: Mathematics

Page: 288

View: 1571

Life can be unpredictable. And the more you can predict, the more control you will have over your own life. From calculating the health risks of smoking a pack of cigarettes a day to deciding on the best investments for your money, probabilities play a part in nearly all aspects of everyday life. Now, physics professor John D. McGervey puts all the facts and figures at your fingertips to help you make savvy, informed choices at home, at work, and at play. You will learn how the author believes you can: * Increase your chances of winning blackjack, contract bridge, horse racing, sports betting, and more * Get the most for your dollar when investing or buying insurance * Judge the risks of such common activities as smoking, using drugs, owning a handgun, and driving without a seat belt * Avoid faulty gambling systems and identify misleading statistics that can be used to draw you into poor investments * And much more. Inside you'll find a lively, entertaining, enlightening approach to minimizing your risks and maximizing your results -- simple strategies designed to give you the edge in life.

Merriam-Webster's Guide to Everyday Math

A Home and Business Reference

Author: Brian Burrell

Publisher: Merriam-Webster

ISBN: 9780877796213

Category: Mathematics

Page: 373

View: 1531

Step-by-step guidance for clear answers to common math problems, this guide has extensive coverage of all situations involving numbers. Technical terms are highlighted and cross-referenced, and the book includes a concise directory to all information.

Probability and Statistics

The Science of Uncertainty

Author: John Tabak

Publisher: N.A

ISBN: 9780816079414

Category: Mathematics

Page: 252

View: 4344

Concepts from the fields of probability and statistics pervade our thinking--even those of us who believe in the existence of luck--and we routinely express ourselves using language borrowed from various branches of mathematics. News reports, weather reports, and even sports reports are some examples of the probabilistic and statistical thinking that seeps into our everyday lives. Probability and Statistics, Revised Edition deals with the history of probability, describing the modern concept of randomness and examining "pre-probabilistic" ideas of what most people today would characterize as randomness. This revised book documents some historically important early uses of probability to illustrate some very important probabilistic questions. It goes on to explore statistics and the generations of mathematicians and non-mathematicians who began to address problems in statistical analysis, including the statistical structure of data sets as well as the theory of sampling and the characterization of the nature of variation. The final chapter describes the role of statistics in the development, testing, licensure, and subsequent study of vaccines. A new chapter has been added that gives special attention to vaccines for measles, polio, pertussis, and rubella.

Understanding the World Around Through Simple Mathematics

Author: M. Kemal Atesmen

Publisher: Mehmet Kemal Atesmen

ISBN: 9780741463111

Category: Mathematics

Page: 291

View: 9893

This book uses different mathematical tools that we learned in high school and in college to solve in detail one hundred everyday problems from credit card interest, basal metabolic rate to earthquake magnitude.

Merriam-Webster's Pocket Guide to Business and Everyday Math

Author: Brian Burrell

Publisher: Merriam Webster

ISBN: 9780877795056

Category: Business & Economics

Page: 355

View: 2234

"Quick help with math questions! Take-along format fits easily into a briefcase, schoolbag, or pocket. Helps with common problems, including bookkeeping, investing, ratios, statistics, and household math. Provides easy-to-apply solutions. Includes tables and formulas."

Understanding Probability

Author: Henk Tijms

Publisher: Cambridge University Press

ISBN: 110765856X

Category: Mathematics

Page: 562

View: 6545

Using everyday examples to demystify probability, this classic is now in its third edition with new chapters, exercises and examples.

Probability Models

Author: John Haigh

Publisher: Springer Science & Business Media

ISBN: 1447101693

Category: Mathematics

Page: 256

View: 9414

Probability Models is designed to aid students studying probability as part of an undergraduate course on mathematics or mathematics and statistics. It describes how to set up and analyse models of real-life phenomena that involve elements of chance. Motivation comes from everyday experiences of probability via dice and cards, the idea of fairness in games of chance, and the random ways in which, say, birthdays are shared or particular events arise. Applications include branching processes, random walks, Markov chains, queues, renewal theory, and Brownian motion. No specific knowledge of the subject is assumed, only a familiarity with the notions of calculus, and the summation of series. Where the full story would call for a deeper mathematical background, the difficulties are noted and appropriate references given. The main topics arise naturally, with definitions and theorems supported by fully worked examples and some 200 set exercises, all with solutions.

Statistics and Probability

Author: Nicholas Faulkner,Erik Gregersen

Publisher: Encyclopaedia Britannica

ISBN: 1538300435

Category: Juvenile Nonfiction

Page: 400

View: 4443

Adhering to state and national math standards, this informative volume introduces readers to a world they may know little about: statistics and probability. In an effort to better forecast the future for gains and combat the potential losses of uncertainty, numerous areas have come to rely on the power of these disciplines. This book introduces the historical and mathematical basis of statistics and probability, as well as their application to everyday situations. Readers will also meet the prominent thinkers who advanced the field for those who followed.

Statistics for Business and Financial Economics

Author: Cheng F. Lee,John C. Lee,Alice C. Lee

Publisher: World Scientific

ISBN: 9789810234850

Category: Business & Economics

Page: 1077

View: 5742

This text integrates various statistical techniques with concepts from business, economics and finance, and demonstrates the power of statistical methods in the real world of business. This edition places more emphasis on finance, economics and accounting concepts with updated sample data.

Wahrscheinlichkeitsrechnung für Dummies

Author: Deborah J. Rumsey

Publisher: John Wiley & Sons

ISBN: 3527805494

Category: Mathematics

Page: 374

View: 6476

Die Wahrscheinlichkeitsrechnung wird in der Schule oft nur beiläufig behandelt, dabei handelt es sich um ein besonders spannendes und alltagstaugliches Teilgebiet der Mathematik. Für alle, die über dieses Thema noch etwas mehr erfahren wollen oder müssen, erklärt Deborah Rumsey verständlich und mit Humor, was sie unbedingt wissen sollten. Egal ob Kontingenztabelle, zentraler Grenzwertsatz, Stichproben-, Binomial- oder Poissonverteilung, in diesem Buch lernen Sie, was es ist und wie Sie es anwenden. Zu jedem Kapitel finden Sie online eine Übungsaufgabe samt Lösung, um das Gelernte zu festigen. Auch Tipps zu praktischen Anwendungen - ob bei der Arbeit oder am Pokertisch - kommen nicht zu kurz. So finden Sie in diesem Buch alles, was Sie über Wahrscheinlichkeitsrechnung unbedingt wissen sollten.

A Study of Business Decisions Under Uncertainty

The Probability of the Improbable - With Examples from the Oil and Gas Exploration Industry

Author: Andreas Stark

Publisher: Universal-Publishers

ISBN: 1599423499

Category: Business & Economics

Page: 408

View: 9238

This dissertation will discuss the uncertainty encountered in the daily operations of businesses. The concepts will be developed by first giving an overview of probability and statistics as used in our everyday activities, such as the basic principles of probability, univariate and multivariate statistics, data clustering and mapping, as well as time sequence and spectral analysis. The examples used will be from the oil and gas exploration industry because the risks taken in this industry are normally quite large and are ideal for showing the application of the various techniques for minimizing risk. Subsequently, the discussion will deal with basic risk analysis, spatial and time variations of risk, geotechnical risk analysis, risk aversion and how it is affected by personal biases, and how to use portfolios to hedge risk together with the application of real options. Next, fractal analysis and its application to economics and risk analysis will be examined, followed by some examples showing the change in the Value at Risk under Fractal Brownian Motions. Finally, a neural network application is shown whereby some of these risks and risk factors will be combined to forecast the best possible outcome given a certain knowledge base. The chapters will discuss: Basic probability techniques and uncertainty principles Analysis and diversification for exploration projects The value and risk of information in the decision process Simulation techniques and modeling of uncertainty Project valuation and project risk return Modeling risk propensity or preference analysis of exploration projects Application of fractals to risk analysis Simultaneous prediction of strategic risk and decision attributes using multivariate statistics and neural networks"

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