When addressing somebody unknown to you with an uncommon name e.g. in an email you might not know whether this person is male or female. In this post, we make it a little fun project to let R help us with that, so read on!
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Category: Statistics
Posts about statistics
Youth Bulge Theory: Why there won’t be an Uprising in Russia
Many wonder why there are so few protests in Russia over the brutal war against Ukraine. An answer could lie in the youth bulge theory which we will use again to explain the relative lethargy of the Russian populace, so read on!
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Corona-Superspreading or just “Wiesn-flu”? Should the Oktoberfest be cancelled again?
The Oktoberfest in Munich, also called “Wiesn” in the local Bavarian dialect, is the world’s largest Volksfest. It had been cancelled for the last two years due to COVID-19. Stakes are running high whether it should be cancelled again this year. To get some perspective, read on!
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Please Subscribe to My New (German) Data Science YouTube Channel!
I am in the middle of creating a new German YouTube channel that is centered around data science and R! I put a lot of effort into it to serve the interests of the community.
If you want to be a part of the process, watch interesting videos with data-based analyses and look behind the scenes, please consider subscribing to the channel!
The number of subscriptions is also vital for the YouTube algorithm to recommend the videos to other viewers on the platform!
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The Success Paradox: Why even a little Bit of Luck often beats Skill
The skill-vs-luck debate never ceases to fascinate. Is it mainly skill, experience, hard work, and the “right” mindset that determines who is becoming successful, rich, or famous, or is it largely luck and fortunate circumstances?
In this post, we will conduct an illuminating simulation to show that even a small amount of luck can make all the difference! If you want to learn about the success paradox, read on!
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How long would you live if you were immortal?
Imagine a world without diseases and no biological limit to how long you could live. Still, there could be accidents that kill you, murder, and suicides.
If you want to get an estimate of your life expectancy under those circumstances, read on!
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COVID-19: The Incredible Shrinking Boost of the Booster Shot
With COVID-19 after the vaccination is before the vaccination. Now that most people in the developed countries have been vaccinated the question arises of how much boost is in the booster shot. We are here to help you understand the real power (or lack thereof) of the booster, so read on!
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The Most Dangerous Equation, or Why Small is Not Beautiful!
Over one billion dollars have been spent in the US to split up big schools into smaller ones because small schools regularly show up in rankings as top performers.
In this post, I will show you why that money was wasted because of a widespread (but not so well known) statistical artifact, so read on!
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Is the Stock Market Efficient? Let your ZIP Compression Tool give an Answer!
One of the most fiercely fought debates in quantitative finance is whether the stock market (or financial markets in general) is (are) efficient, i.e. whether you can find patterns in them that can be profitably used.
If you want to learn about an ingenious method (that is already present in anyone’s computer) to approach that question, read on!
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The Pólya Urn Model: A simple Simulation of “The Rich get Richer”
What is the “opposite” of sampling without replacement? In a classical urn model sampling without replacement means that you don’t replace the ball that you have drawn. Therefore the probability of drawing that colour becomes smaller. How about the opposite, i.e. that the probability becomes bigger? Then you have a so-called Pólya urn model!
Many real-world processes have this self-reinforcing property, e.g. leading to the distribution of wealth or the number of followers on social media. If you want to learn how to simulate such a process with R and encounter some surprising results, read on!
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