Playing the Distributions, Hypothetical Outcome Plots, Getting Closer to Real Life

March 7, 2019

Topic

The Process  /  ,

Distributions are way more interesting than the summary statistics — mean, median, and mode — that broadly describe them. The summary statistics can only tell you so much, and while they have their uses, visualizing a distribution can provide a better picture of what’s really going on.

However, histograms for a general audience can be a challenge. I’m curious if building up the distributions over time can be helpful.

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