This episode of GED Connection is called "Statistics and Probability." In it, the host and guests talk about where statistics come from and how to calculate the likelihood of something happening. Examples are given about how and where statistics ome into play in our daily lives. Government officials use the national census to figure out how much money to spend and where to spend it. When certain people in the census are unaccounted for, a statistical equation is used. Marketers and pollsters pick a sample of the population to do their research, and the accuaracy of that data depends on how well the sample is chosen. The different types of samples that are covered are: random, systematic, and self-selected. This program also covers polls and surverys and explains margin of error. Probability (also called odds) is discussed using coins and playing cards as examples. Figuring out the odds in a situation is also used in daily life as well, like weighing the risk of a serious medical procedure or deciding where or when to buy a house. Understanding probability and statistics helps to make wise decisions.
Broadcast In: English Duration: 0:26:40