05_statistical_thinking

Statistical thinking

By Gianluca Campanella ([email protected])

Objectives

By the end of the session, you should be able to:

• Describe the difference between probability theory and statistics
• Define confidence intervals and p-values
• Use scipy and statsmodels to set up and run hypothesis tests

Plan

The session is designed to be delivered over three hours (including breaks).

Topic	Time
Probability theory and statistics	30 minutes
Estimation and hypothesis testing	90 minutes
Hypothesis testing using M&M'S®	30 minutes

Materials

• Probability theory and statistics
• Estimation and hypothesis testing
• Hypothesis testing using M&M'S®

Additional resources

• Hypothesis testing from Think Stats
• Interpreting Confidence Intervals
• Understanding Statistical Power and Significance Testing