Check Your Probabilities Before Setting Expectations!
This week's posts by Dr. Kruti Lehenbauer focused on Probability, both theoretical and empirical (observation-based) and learning how to use both in adjusting expectations and recognizing reality. In an ideal world, these would be simpatico with each other but we live in a world of change and unknowns that we simply may not be able to control. However, we can adjust for these in order to improve probabilities of getting desired outcomes.
We also introduced P-man, who represents the key concepts in statistics such as Population, Power, and Probability and presents these in Post-Its!
Dr. K has started a hashtag called #postitstatistics on LinkedIn, Instagram, Facebook, X, and YouTube to share her Post-It Statistics in a variety of formats (video with music, anyone?)
Here is the roundup of this week's posts from #PostItStatistics.
A BONUS video from Jessica (Fiesta) George ?? ?? and Jess Get Hired Podcast which recently featured Dr.K as a guest:
领英推荐
If you found this Newsletter to be valuable, please Subscribe and Share with your network!
Please follow Analytics TX, LLC & Dr. Kruti Lehenbauer to see #daily #easy #tips on #statistics, #data, #datascience that will help you to #grow your business or career using data!
Our Website: https://analyticstx.com/
About "The Data Whisperer":
Dr. Kruti Lehenbauer wrote a book on "Introduction to Business Statistics" a couple of years ago after 20+ years of teaching Business & Statistics at various Universities.
You can buy Dr. K's Business Statistics Book on Amazon (Kindle & Print editions available).
Dr. Lehenbauer is not just a data scientist, but a passionate explorer of data realms, unraveling insights that shape strategic trajectories.?With a profound understanding of statistics, an intricate grasp of diverse sectors, and relentless curiosity, she transforms complex data into actionable narratives of growth and innovation, especially in the face of growing AI implementations in business.
Got Feedback for us?
We would LOVE to hear from you! Please feel free to post your questions in the comments or email us: [email protected].
I help organizations in finding solutions to current Culture, Processes, and Technology issues through Digital Transformation by transforming the business to become more Agile and centered on the Customer (data-driven)
7 个月Great article, Analytics TX, LLC. Bridging the gap between theoretical and empirical probability is crucial for effective decision-making. By understanding the nuances between expectation and reality, businesses can better prepare for uncertainties and optimize outcomes.