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).