Practical Applications

In Journalism & Media

  • Distinguish genuine trends from random fluctuations.
  • Uncover "stories behind numbers" during interviews/writing, avoiding misdirection by fragmented information.
  • Quantify affected populations in public issue reports to strengthen evidence-based, measured narratives.
  • Interpret polls, social surveys, and election data accurately, preventing misreading.
  • Boost fact-checking proficiency: Recognizing statistical significance and bias is foundational professional quality.

In Marketing Analysis

  • Evaluate the actual effectiveness of ads, content, and conversions to avoid intuition-driven budget adjustments.
  • Explain "why users act this way" instead of only observing outcomes.
  • Conduct forecasts (e.g., LTV, churn rate, sales trends) to enable quantifiable, proactive strategies.
  • Support daily tasks like A/B testing, attribution analysis, and audience segmentation.
  • Facilitate deeper collaboration with product, data, and engineering teams.

Core Concepts to Master

These are not for exams but to avoid being misled by numbers or appearances in practice.

  • Probability, uncertainty, bias, confidence intervals;
  • Basic distributions (normal, Bernoulli, binomial) and variability;
  • Regression analysis (linear, multiple, predictive models);
  • A/B testing and significance tests;
  • Intuitive grasp of basic causal inference (RCTs, matching, difference-in-differences).