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Gone are the days of solely relying on intuition to make decisions. Today, number crunching affects your life in ways you might never imagine. Economist Ian Ayres shows how today's organizations are analyzing massive databases at lightning speed to provide greater insights into human behavior. From Web sites like Google and Amazon that know your tastes, to a physician's diagnosis or your child's education, to boardrooms and government agencies, this...
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Who was the greatest baseball hitter of all time? How likely is it that a poll is correct? Is it smart to buy last year's highest-performing stock? These questions all involve the interpretation of statistics, and this film is an introduction to this vitally important subject in today's data-driven society. Explanations for terms such as mean, median, percentile, quartile, statistically significant, and bell curve, and scores of other statistical...