1) Business uses stats to make predictions, increase their profits. 2) We all use stats, everytime we make an informed guess about the world around us. E.g. (those clouds are dark, its probably going to rain today) -Not very sophisticated, but thats where it starts. 3) When you read a poll in the newspaper, a confidence interval is often given. It tells you how confident you can be in the poll. 4) Public safety uses stats -to make sure theres a very small chance something might go wrong 5) Probability can be fun and challenging (See Monty Carlo Paradox)
Posted on: Sat, 24 Jan 2015 11:18:49 +0000
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