English | Size: 3.27 GB

Genre: eLearning

Lessons for Leaders and Managers: Learn and Avoid the common Misconceptions and Mistakes, in Probability & Statistics.

What you’ll learn

Learn about the common mistakes and misconceptions people make, when using Probabilities in their judgements and decisions.

Learn about the common mistakes and misconceptions people make, when using Statistics and statistical inferences, in their judgements and decisions.

What are the Psychological Biases and Fallacies, that make infer wrongly, when using Probability and Statistics ?

Hoe can we try and avoid such pitfalls, mistakes and misconceptions, when using Probability and Statistics in decision making ?

Most of us have learnt some **Probability and Statistics** in High School, or later in college.

We know the basic concepts, and may knowingly, or unknowingly, use it in our judgements and decisions !

However, what we may not be aware of, are the many many ways we can go wrong, in using these concepts, from Probability and Statistics, for making our decisions ! This includes the **common** **errors , the many misconceptions we have, the conclusions we wrongly jump to, in judging probabilities, and risks, sampling and statistics.**

The **Human brain** is not wired to **intuitively** understand probability or statistics. Researchers of the brain, believe that mathematical truths make little automatic sense to our mind, especially when considering random and non-random outcomes, or when considering a **large** amount of data. And because of that, we automatically and subconsciously end up making a lot of mistakes, in assessing risks and likelihood.

This Course will help you **learn about**, and try to **avoid** and **minimize**, such **mistakes and misconceptions**. It will be useful for everyone, but especially for Leaders and Managers, whose various judgements and decisions can affect many people, organizations and countries!

It is a **Beginner** **level** Course, and** it assumes only a basic High school level knowledge of Probability and Statistics**.

**Disclaimer**: ** You will not learn any Probability or Statistics here, you will only learn about the mistakes and misconceptions commonly made, when using Probability and Statistics in Decision Making**.

Some Images and Videos courtesy Pixabay, Pexels, Pressfoto and FreePik. Some Music snippets courtesy Bensound.

## Who this course is for:

- Leaders and Managers who want to avoid Statistics and Probability mistakes, while making decisions
- Management Students, and aspiring Leaders, who want to use Probability and Statistics, more accurately and effectively
- Anyone who wants to avoid the pitfalls, mistakes and misconceptions, when using Probability and Statistics.

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