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For large enough samples...
Something you might not know about the central limit theorem
Oct 16, 2024
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Paul Cornwell
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For large enough samples...
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What do you...mean...by expectation?
The post I probably should've written six months ago
Oct 9, 2024
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Paul Cornwell
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What do you...mean...by expectation?
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D'oh!
A quick look at Simpson's paradox, a statistical trap for the lazy (and overzealous)
Oct 2, 2024
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Paul Cornwell
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D'oh!
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September 2024
What you should have done
Solutions to last week's pricing riddles
Sep 25, 2024
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Paul Cornwell
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What you should have done
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What would you do?
A Substack blogger keeps the streak alive by making the reader do the work
Sep 18, 2024
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Paul Cornwell
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What would you do?
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How does raising prices affect your revenue?
A (quick) look at price elasticity
Sep 11, 2024
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Paul Cornwell
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How does raising prices affect your revenue?
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What do you mean you're out of cupcakes?!
A look at the "dual marginalization" effect and how contracts can be used to mitigate its impact to profits and consumers.
Sep 4, 2024
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Paul Cornwell
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What do you mean you're out of cupcakes?!
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August 2024
Seeing the random forest for the decision trees
A look at two of the most useful and intuitive classification models.
Aug 28, 2024
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Paul Cornwell
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Seeing the random forest for the decision trees
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Not to be confused with spearmint
A side-by-side comparison of two metrics for quantifying the relationship between two variables
Aug 21, 2024
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Paul Cornwell
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Not to be confused with spearmint
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Your estimated wait time is...
A look at the exponential distribution, a useful model for operations management. Plus, how variability in customer arrivals can lead to killer wait…
Aug 14, 2024
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Paul Cornwell
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Your estimated wait time is...
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The Painter's Paradox
Volumes and areas of shapes of revolution
Aug 7, 2024
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Paul Cornwell
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The Painter's Paradox
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July 2024
Valuation of growing streams of cash flows
A look at geometric and arithmetic annuities with a soupçon of stock valuation
Jul 31, 2024
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Paul Cornwell
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Valuation of growing streams of cash flows
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