“Those who ignore Statistics are condemned to reinvent it.” – Brad Efron Introduction When an organization hires GETs (Graduate Engineer Trainees), they set a minimum mark limit (say minimum 65%). The selected candidates may have marks ranging from 65% to 90%. Will there be any difference between the competence of the candidate having 65% marks compared to 90%? The logical answer is yes but both will get the same salary
Story: The Old Car (Source: Medium) A father told his daughter “You have graduated with honours, here is a car I bought many years ago. It is pretty old now. But before I give it to you, take it to the used car lot downtown and tell them I want to sell it and see how much they offer you for it.” The daughter went to the used car lot,
“A goal is not always meant to be reached; it often serves simply as something to aim at.” –Bruce Lee Introduction There is always a reason why we do anything. When we choose to eat sweets even though we are planning to reduce weight, there is a certain Why for it. When we wake up early in the morning to do yoga and meditation, there is a Why for it.
Story: The Old Lady (Source: Google) A lady who was over 90 years old, had a great flair towards dressing up well, applying makeup and arranging her hair in beautiful patterns. She and her husband had been married to each other for 70 years. After the departure of her beloved partner, having no children and no one in the family to care for her, She decided to move to a
“It is the mark of a truly intelligent person to be moved by statistics.” — George Bernard Shaw Introduction Graphs are widely used tools in trading and investing to quickly see the past performance of the stock, the highs, the lows, trends, moving averages, trading volume, and much more. These graphs are the ‘footprint of money.’ One thing to always remember is that the charts don’t lie. The charts represent