Not knowing statistics can lead to a loss of money, time, and accurate information.
What am I looking at? What do these numbers mean? Why? These are frequent thoughts of those who don't know much about statistics.
"I'm not a numbers person" is not a good excuse to avoid learning the basics of this essential skill. Are you a person who earns money? Do you shop at the supermarket? Do you vote? Do you read the news? I'm sure you do.
Learn to make decisions like world leaders do.
Do you like to make uninformed, often poor decisions? Are you okay with being manipulated by skewed charts and diagrams? How about being lied to about the effectiveness of a product? Statistics can help you make exponentially better calls on what to buy, who to listen to, and what to believe.
This book offers a detailed, illustrated breakdown of the fundamentals of statistics. Develop and use formal logical thinking abilities to understand the message behind numbers and charts in science, politics, and economy. Sharpen your critical and analytic thinking skills.
Know what to look for when analyzing data. This step-by-step guide not only helps you detect what goes wrong in statistics but also educates you on how to utilize invaluable information statistics gets right to your benefit.
Avoid making decisions on misleading information. How to Use Descriptive and Inferential Statistics to Understand the World. Make Better Decisions Using Probability. Understand Potential Bias in Studies. Albert Rutherford is the internationally best-selling author of several books on systems thinking, game theory, and mathematical thinking. Jae H. Kim is a freelance writer in econometrics, statistics, and data analysis. Since obtaining his PhD in econometrics in 1997, he has been a professor in major Australian universities until 2022. He has published more than 70 academic articles and book chapters in economics and applied statistics.
