Mathematical Thinking - Crash Course Statistics

The video explores the importance of mathematical thinking, focusing on understanding both large and small numbers. It discusses how to visualize and contextualize big numbers, the use of scientific notation, and the law of truly large numbers. The video also highlights the challenges of comprehending small probabilities and the impact on decision-making. It concludes with the story of Abraham Wald, illustrating how mathematical thinking can lead to better decisions.

What are some examples of unlikely events that can occur due to large sample sizes?

Why is it important to think mathematically about the world around us?

What was Abraham Wald's conclusion about where to place armor on planes?

How can understanding statistics help us make better decisions?