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It seems likely that the first people to study probability were motivated by gambling.
This particular article will not prepare anyone to win at a casino. However, the foundation to avoid losing is to realize that the professionals already know the odds.
Fun [but long] article introducing basic mathematical concepts in probability…
Statistics Sells. That’s why it’s being used to also track well-being & happiness!
University of Pennsylvania duo Betsey Stevenson and Justin Wolfers have analysed happiness surveys conducted in 132 countries. Their statistical study shows the impact of economic growth on happiness.
For example, on a 0-to-10 life satisfaction scale, respondents in Mali and Ethiopia place themselves between 3 and 4; residents of Egypt, South Africa and Portugal put themselves between 5 and 6; and people in Australia, the US and most other developed countries place themselves between 7 and 8. A 10 per cent increase in GDP buys as much additional happiness in a rich country as a poor one.
So, money can buy you happiness…statistically speaking!
Social networks such as facebook and YouTube as well as great resources including Wikipedia and Wolfram-Alpha are here to stay so that educators must use them in the teaching process.
Many academics are posting great educational videos and materials online. The only problem is to sort the good ones from the rest and present them in an organized manner.
This effort is being done by: http://Utubersity.com which presents the best educational videos available on YouTube (including Statistics) in an organized, easy to find way to watch and learn.
They are classified and tagged in a way that enables people to find these materials more easily and efficiently and not waste time browsing through pages of irrelevant search results.
The website also enhances the experience using other means such as recommending related videos, Wikipedia content and so on.
There’s also a Spanish version called http://utubersidad.com
Logical reasoning is the process which uses arguments, statements, premises and axioms to define weather a statement is true or false, resulting in a logical or illogical reasoning. In today’s logical reasoning three different types of reasoning can be distinguished, known as deductive reasoning, inductive reasoning and abductive reasoning based on respectively deduction, induction and abduction.
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