2 notes tagged with "statistics"

Insensitivity To Sample Size

People tend to ignore sample size of data. They forget that variation is more likely in smaller sample sizes. Also known as Law of Small Numbers.

Tagged With: #cognitive-bias #statistics

Published on Oct 19, 2023

Regression To The Mean

This is a phenomena in statistics. If one sample collected is at an extreme, the next sample will generally be moderate.

Tagged With: #statistics

Published on Oct 16, 2023