A delightful, informative guide to an often-intimidating subject.
How to analyze “the numbers behind the news [and appreciate] the extraordinary (and growing) power of data” in today’s market-driven economy.
Wheelan (Public Policy/Dartmouth Coll.; 10½ Things No Commencement Speaker Has Ever Said, 2012 etc.) extends the scope of his 2002 best-seller, Naked Economics, to encompass the statistical know-how necessary in making informed economic and other decisions. The author provides tools to help the nonmathematical reader develop an intuitive grasp of apparently arcane topics such as the “central limit theorem,” which is used to estimate likely outcomes. Using forensic medicine as an analogy, he compares a statistician to a detective gathering information at the scene of a crime. Both are frequently involved in “building a circumstantial case based on imperfect data” and are dependent on sampling techniques. Wheelan uses a seemingly high-risk marketing campaign by Schlitz beer to illustrate the point. In 1981, the company spent $1.7 million to run a blind taste test between Schlitz and Michelob, involving 100 contestants. In fact, as Wheelan shows, it was a sure winner. While the likely outcome of a random sample would be a 50/50 split, any percentage could be framed to Schlitz's advantage. The key was in the sample. Contestants were selected on the basis of their previously expressed preference for Michelob, so that even if only 30 percent chose Schlitz, the claim that Michelob drinkers chose Schlitz was still valid. The author explains how the normal distribution works and emphasizes the importance of measuring both the mean and medium in a given study. Wheelan also explains the famous brain-teasing Monty Hall problem, which has stumped experts for years.
A delightful, informative guide to an often-intimidating subject.Pub Date: Jan. 7, 2013
ISBN: 978-0-393-07195-5
Page Count: 320
Publisher: Norton
Review Posted Online: Oct. 3, 2012
Kirkus Reviews Issue: Nov. 1, 2012
This is not the Nutcracker sweet, as passed on by Tchaikovsky and Marius Petipa. No, this is the original Hoffmann tale of 1816, in which the froth of Christmas revelry occasionally parts to let the dark underside of childhood fantasies and fears peek through. The boundaries between dream and reality fade, just as Godfather Drosselmeier, the Nutcracker's creator, is seen as alternately sinister and jolly. And Italian artist Roberto Innocenti gives an errily realistic air to Marie's dreams, in richly detailed illustrations touched by a mysterious light. A beautiful version of this classic tale, which will captivate adults and children alike. (Nutcracker; $35.00; Oct. 28, 1996; 136 pp.; 0-15-100227-4)
Pub Date: Oct. 28, 1996
ISBN: 0-15-100227-4
Page Count: 136
Publisher: Harcourt
Review Posted Online: May 19, 2010
Kirkus Reviews Issue: Aug. 15, 1996
BOOK REVIEW
BOOK REVIEW
An extravaganza in Bemelmans' inimitable vein, but written almost dead pan, with sly, amusing, sometimes biting undertones, breaking through. For Bemelmans was "the man who came to cocktails". And his hostess was Lady Mendl (Elsie de Wolfe), arbiter of American decorating taste over a generation. Lady Mendl was an incredible person,- self-made in proper American tradition on the one hand, for she had been haunted by the poverty of her childhood, and the years of struggle up from its ugliness,- until she became synonymous with the exotic, exquisite, worshipper at beauty's whrine. Bemelmans draws a portrait in extremes, through apt descriptions, through hilarious anecdote, through surprisingly sympathetic and understanding bits of appreciation. The scene shifts from Hollywood to the home she loved the best in Versailles. One meets in passing a vast roster of famous figures of the international and artistic set. And always one feels Bemelmans, slightly offstage, observing, recording, commenting, illustrated.
Pub Date: Feb. 23, 1955
ISBN: 0670717797
Page Count: -
Publisher: Viking
Review Posted Online: Oct. 25, 2011
Kirkus Reviews Issue: Feb. 1, 1955
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