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A Review of Basic Statistical Concepts

11A Review of Basic Statistical ConceptsThe record of a month s roulette playing at Monte Carlo can afford us material for discussing the foundations of knowledge. Karl PearsonI know too well that these arguments from probabilities are imposters, and unless great caution is observed in the use of them, they are apt to be deceptive. Plato (in Phaedo)IntroductionIt is hard to find two quotations from famous thinkers that reflect more divergent views of probability and statistics. The eminent statistician Karl Pearson (the guy who invented the correlation coefficient) was so enthralled with probability and statistics that he seems to have believed that understanding probability and statistics is a cornerstone of human under-standing.

book readers to recount in great detail what happened over the course of the next 5,000 years, but suffice it to say that written language, numbers, and mathematics revolutionized—and sometimes limited—human scien - tific and technological development. For example, one of …

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