Learning abstract concepts like probability can often be challenging without practical examples. For many, it becomes easier to grasp when these ideas are connected to real-life experiences or ...

Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.

The laws of probability seems simple at first thought, but scratch the surface and their inner truth can be rather more counterintuitive. This video describes one of those situations—and the answer ...

The times they are a changin’ … and so are the stats. The old process of judging baseball players and teams relied on simple counting stats (runs batted in, hits, wins) and basic rate stats (batting ...

New research found that infants have better math skills than previously suspected. From the age of six months, babies can calculate probability and estimate risk. Research from the Max Planck ...

Crows can make decisions according to the likelihood of getting a reward – a cognitive feat known to mathematicians as statistical inference, and rarely found outside of primates. “‘Bird brain’ is ...

Want to help your seventh-grader master math? Here are some of the skills your child will be learning in the classroom in seventh grade. At a “25% Off” sale, Marissa buys a skirt for $40.50. What was ...