WHAT ARE THE ODDS YOU'LL WIN THE LOTTERY?
How long will your kids wait in line at Disney World?
Who decides that “standardized tests” are fair?
Why do highway engineers build slow-moving ramps?
What does it mean, statistically, to be an “Average Joe”?
NUMBERS RULE YOUR WORLD
In the popular tradition of eye-opening bestsellers like Freakonomics, The Tipping Point, and Super Crunchers, this fascinating book from renowned statistician and blogger Kaiser Fung takes you inside the hidden world of facts and figures that affect you every day, in every way.
These are the statistics that rule your life, your job, your commute, your vacation, your food, your health, your money, and your success. This is how engineers calculate your quality of living, how corporations determine your needs, and how politicians estimate your opinions. These are the numbers you never think about-even though they play a crucial role in every single aspect of your life.
What you learn may surprise you, amuse you, or even enrage you. But there's one thing you won't be able to deny: Numbers Rule Your World…
"An easy read with a big benefit."
Fareed Zakaria, CNN
"For those who have anxiety about how organization data-mining is impacting their world, Kaiser Fung pulls back the curtain to reveal the good and the bad of predictive analytics."
Ian Ayres,Yale professor and author of Super Crunchers: Why Thinking By Numbers is the New Way to Be Smart
"A book that engages us with stories that a journalist would write, the compelling stories behind the stories as illuminated by the numbers, and the dynamics that the numbers reveal."
John Sall, Executive Vice President, SAS Institute
"Little did I suspect, when I picked up Kaiser Fung's book, that I would become so entranced by it - an illuminating and accessible exploration of the power of statistical analysis for those of us who have no prior training in a field that he explores so ably."
Peter Clarke, author of Keynes: The Rise, Fall, and Return of the 20th Century's Most Influential Economist
"A tremendous book. . . . If you want to understand how to use statistics, how to think with numbers and yet to do this without getting lost in equations, if you've been looking for the book to unlock the door to logical thinking about problems, well, you will be pleased to know that you are holding that book in your hands."
Daniel Finkelstein, Executive Editor, The Times of London
"I thoroughly enjoyed this accessible book and enthusiastically recommend it to anyone looking to understand and appreciate the role of statistics and data analysis in solving problems and in creating a better world."
Michael Sherman, Texas A&M University, American Statistician
|Publisher:||McGraw-Hill Professional Publishing|
|Product dimensions:||8.72(w) x 5.78(h) x 0.79(d)|
About the Author
Kaiser Fung is a statistician with more than a decade of experience in applying statistical methods to unlocking the relationship between advertising and customer behaviors. His blog, "Junk Charts," pioneered the genre of critically examining data and graphics in the mass media. Since 2005, "Junk Charts" has received rave reviews from Science magazine, the Guardian, Yahoo!, and Stanford University Libraries. He is an adjunct professor at New York University where he teaches practical statistics to professionals, and holds statistics, business, and engineering degrees from Cambridge, Harvard, and Princeton Universities. Fung is also a fellow of the Royal Statistics Society.
Table of Contents
1 Fast Passes Slow Merges 1
The Discontent of Being Averaged
2 Bagged Spinach Bad Score 25
The Virtue of Being Wrong
3 Item Bank Risk Pool 63
The Dilemma of Being Together
4 Timid Testers Magic Lassos 95
The Sway of Being Asymmetric
5 Jet Crashes Jackpots 137
The Power of Being Impossible
Most Helpful Customer Reviews
While title promises many things, book merely delivers 2-3 concepts of statistics (average, stratified sample, conditional probability) and around 10 case studies. Little too verbose and meandering at times, none the less book is easy read but ends without conclusion.
This book reads like a statistics version of “Chicken Soup for the Soul” with a conversational tone discussing one topic at a time, without needing a storyline to further along the ideas. The author focuses on giving examples of real world applications for statistics. He discusses issues that are relevant to everyday life – credit scores, waiting lines, drug testing, test questions, etc. – in a way that people with little background in statistics can understand with ease. I had expected to learn a lot about the mathematics behind statistics, but was disappointed to find minimal information about how to calculate statistics and how people can intentionally misrepresent data in the media. That being said, the author gave the Type I and Type II errors justice in describing how these errors prevent testers from ever being 100% sure that all of the concluded innocent people are indeed innocent and all of the convicted guilty people are truly guilty. This is a huge societal problem that I appreciate the author bringing awareness to. I would recommend, at the very least, to read the conclusion of this book. The entire book’s contents are summed up nicely there and then the reader can decide if they’d like to learn more about any of the mentioned topics.