22 mars 2014

Math Geek Mom: New Buildings

http://www.insidehighered.com/sites/default/server_files/styles/blog_landing/public/mama_phd_blog_header.jpg?itok=C5xGPD1aBy Rosemarie Emanuele. Recently, as we were studying probability in my Statistics class, a student asked me about the use of probability in math and economics. Actually “where will we ever use this?” might be a better way of explaining what was asked. I explained that probability is the foundation of all of statistics, and that economists, whose field is based on statistics, also use probability to study decisions made under uncertainty, when the best one can do is maximize profit or utility given the expected value of the outcome of a choice. Read more...
Posté par : pcassuto à - - Permalien [#]