Probability, Decision Making, The Planet, and You


Relative Frequency

In this section we are going to explore the concept of relative frequency, which is related to the general topic of probability and statistics. Your goal is to learn how to apply the concept of relative frequency to a wide variety of scenarios so that you are then able to work with (and educate) others back in your home country.

Here you will learn about relative frequency and how to use it in making predictions through four different example countries: Argentina, India, Turkey, and Tanzania. You will be a virtual traveller to each region. Let's start with Argentina first. Click on the map, find Argentina, and then click on it to go there. By the end of this module you will have visited all four countries.

 

Statistics and the Planet

Relative frequency

Averages

Law of large numbers

Descriptors: mode(s), terciles, quartiles,...

Sampling or measurement error

Systmatic error


Decisions and the Planet

Goals and resources

Accounting and fungibility

Choices

Opportunity costs

Framing

Catastrophic loss


Graphs and the Planet

Bar Graphs for categories

Breaks and histograms

Spinners

Tail graphs: cdf and exceedance


Insure Yourself and The World

Insurance

Tradeoffs


Resources

 

Library of Problems