In the Raw Data podcast the podcasters discuss recent studie…

In the Raw Data podcast the podcasters discuss recent studies in which experimenters were able to change the decisions voters made by altering the order of search engine results (e.g., Google) for different candidates, such that when the top search results were less favorable for a given candidate they received a lower percentage of votes. This is an example of the importance of ____________

You are working in the analytics division of a home garden c…

You are working in the analytics division of a home garden company. Your supervisor asks you to analyze data from recent purchases and determine how much yard mulch you can expect to sell during the next quarter. The computer model that you use to forecast the amount tells you that you can expect to sell 215,312 units over the next 12 weeks. Unfortunately, the computer program did not take into account that the next quarter will be winter and thus the “normal” assumptions don’t apply. This is an example of a forecast that is high __________, but low ___________.

Nate Silver argues that good gamblers use Bayesian Statistic…

Nate Silver argues that good gamblers use Bayesian Statistics because they update their odds with each new piece of evidence (e.g., condition) that occurs. Thus their posterior probability is a function of the ________ probability and the conditions that have occurred since then.