Key points Listing outcomes to find the probability of combined events Examples Questions Using sample space diagrams to find the probability of combined events Examples Question Taking a logical and ...

Plans based on averages are wrong, on average. So says “the flaw of averages,” as coined by Sam. L. Savage, a consulting professor in the Department of Management Science and Engineering at Stanford ...

Life rarely hands us neat examples, though. Events mix, overlap, depend on past outcomes and human behaviour. That’s where ...

Our Founder careers aren’t defined by the size of our positive outcomes, they are defined by whether we’ve had one at all. Therefore, if our outcomes are so important to us, shouldn’t we first start ...

Proportional reasoning failures seem to constitute most errors in probabilistic reasoning, yet there is little empirical evidence about its role for attaining probabilistic knowledge and how to ...