#117 – FACING THE FEAR OF STATISTICS – FRED SCHENKELBERG

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ABC FredWhen reading a report and there is a large complex formula, maybe a derivation, do you just skip over it? Does a phrase such as 95% confidence of 98% reliability over 2 years not help your understanding of the result? When you read about hypothesis testing, confidence intervals, point estimates, parameters, independent identically distributed variables, random samples, orthogonal arrays, do you just shiver a bit? Do you know of folks around you who not only do not understand these terms but do not want to understand them? Continue reading