
Probability and Statistics: The Drunkard’s Walk
Book ReviewProbability and Statistics Impact Our Lives
In his book, The Drunkard’s Walk: How Randomness Rules Our Lives [Vintage, 2008], Leonard Mlodinow provides an interesting look at how random events guide so much of what happens to us and…

What are Non-Parametric Statistical Tests?
Industry FundamentalsThere are two broad categories of statistical tests: parametric and non parametric statistical tests. In most introductory and general statistics courses, parametric tests are discussed, in particular z-tests, t-tests, analysis of variance,…

What Is Java Programming Language?
Industry Fundamentals, ProgrammingJava is a general-purpose computer programming language specifically designed to have as few implementation dependencies as possible. It is the foundation for virtually every type of networked application and is the global standard for developing…

What Is MATLAB?
ProgrammingMATLAB (short for matrix laboratory) is a multi-paradigm numerical computing environment and proprietary programming language developed by MathWorks, a leading developer of mathematical computing software for engineers and scientists. Intended…

The Numbers Game: Significant Digits, Rounding and Truncating
Industry FundamentalsIt is important for those who work with data to know and understand some of the technical aspects of numbers, both when precise measurements and rounded or estimated figures are involved. In this article, we will look at three related aspects…

With or Without Your Knowing: Automatic Data Collection
TrendingThere are many ways to collect data including surveys, interviews and research experiments. Most data is collected with the knowledge and consent of the people involved. But in recent decades, with the growth of the Internet and other computer…

Book Review: Strength in Numbers
Book ReviewStrength in Numbers: Discovering the Joy and Power of Mathematics in Everyday Life by Sherman K. Stein
Based on the subtitle of the book, one might expect Sherman Stein’s Strength in Numbers to discuss when and where we see and use mathematics…

What’s in the Words: Text Analysis
Industry FundamentalsWhile it takes human judgment to determine the usefulness of statistical analysis, analyzing quantitative data using the many statistical methods available to us is a relatively straightforward process. Analyzing qualitative data, on the other…

The Best “Average”? That Depends.
Industry FundamentalsThe word “average” in layman terms is what is called the mean in statistics. But the word “average” in statistical terms can refer to any of the three measures of central tendency: mean, median and mode. As a quick review, the mean arithmetic…

Not the Same: Correlation and Causation
Industry FundamentalsWhen the measures of two phenomena (or factors or variables) change in relation to one another, they are said to be correlated. Sometimes, when one phenomenon changes, the other phenomenon changes because of the first one. That is, there is…