Binary compression of continuous data
“Which am I supposed to use: mean or median?” Early on in my stats classes, we talk about how to describe the distribution of a piece of numerical information — things like height, weight, age, income, and so on that can vary continuously. A good description should cover three aspects of the distribution: A measure […]
The Wheel of Outcomes
If you’re considering making some change in your life — waking up at a different time, adopting a pet, starting a business — there are generally only two possibilities for the outcome: it will make your life better, or it will make your life worse. (Very rarely, it might make a net zero difference, but […]