Comments on: How To Analyze Data Using the Average http://betterexplained.com/articles/how-to-analyze-data-using-the-average/ Learning shouldn't hurt. Let's share the insights that made difficult ideas click. Thu, 11 Mar 2010 15:20:58 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: minsoo http://betterexplained.com/articles/how-to-analyze-data-using-the-average/#comment-264726 minsoo Mon, 07 Dec 2009 23:17:14 +0000 http://betterexplained.com/articles/how-to-analyze-data-using-the-average/#comment-264726 this was fantastic! a definite thumbs up on stumble. this was fantastic! a definite thumbs up on stumble.

]]> By: Sergey http://betterexplained.com/articles/how-to-analyze-data-using-the-average/#comment-252655 Sergey Mon, 14 Sep 2009 12:16:21 +0000 http://betterexplained.com/articles/how-to-analyze-data-using-the-average/#comment-252655 Thanks, glad you liked it Thanks, glad you liked it

]]> By: Kalid http://betterexplained.com/articles/how-to-analyze-data-using-the-average/#comment-249461 Kalid Tue, 04 Aug 2009 01:08:14 +0000 http://betterexplained.com/articles/how-to-analyze-data-using-the-average/#comment-249461 @franz: Thanks, glad you liked it. I think expected value would be a great follow-up article. In my mind, I see expected value as a form of weighted average, where the more-likely scenarios have more impact than the least-likely ones. When you don't have clear-cut outcomes, you have to take the probability into account as best you can. Definitely a good idea for a follow-up. @franz: Thanks, glad you liked it. I think expected value would be a great follow-up article.

In my mind, I see expected value as a form of weighted average, where the more-likely scenarios have more impact than the least-likely ones. When you don’t have clear-cut outcomes, you have to take the probability into account as best you can. Definitely a good idea for a follow-up.

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