What the Numbers Say

Download or read book What the Numbers Say written by Derrick Niederman and published by Crown Currency. This book was released on 2007-12-18 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: A decade ago, computer scientist Douglas Hofstadter coined the term innumeracy, which aptly described the widespread ailment of poor quantitative thinking in American society. So, in What the Numbers Say, Derrick Niederman and David Boyum present clear and comprehensible methods to help us process and calculate our way through the world of “data smog” that we live in. Avoiding abstruse formulations and equations, Niederman and Boyum anchor their presentations in the real world by covering a particular quantitative idea in relation to a context–like probability in the stock market or interest-rate percentages. And while this information is useful toward helping us to be more financially adept, What the Numbers Say is not merely about money. We learn why there were such dramatic polling swings in the 2000 U.S. presidential election and why the system of scoring for women’s figure skating was so controversial in the 2002 Winter Olympics, showing us that good quantitative thinking skills are not only practical but fun.