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Making sense of probability and statistics and incorporating them in day to day life.
by vishnugupta 1y ago
Making sense of probability and statistics and incorporating them in day to day life.
- quantdev1 1y agoDo you have any examples of ways you incorporate them into your day-to-day?
- vishnugupta 1y agoDistribution of data is something I use the most. E.g., For understanding compensation for different job families I used to just look at the market salary range. Now I dig into the distribution. I am now more confident when I make an offer at a given percentile. On a similar topic, someone says that a farmer here (in India) is making multiple of a typical SWE salary. I go back to distribution. Or take quality of specialized food in cities (e.g., Biryani in Hyderabad, Dosa in Bangalore). When someone says Biryani in Hyderabad is great I now realise what it means. That the quality distribution of Hyderabad Biryani is to the right of Biryani in Bangalore i.e., the top 10% of Bangalore Biryani overlaps with bottom 10% of Hyderabad Biryani. It also means that I can walk into a random restaurant in Hyderabad and be confident that Biryani there will taste mind-blowingly better than Bangalore.