Demo of the Gambler's Fallacy Using T-SQL

in #data4 years ago

TSQL: Gambler's Fallacy Demo (Surprise Too). Yes, this video had a fun surprise in it that I didn't expect, though was still possible (bonus: based on our other videos, can you calculate the probability that we'd hit that combination?). This demo shows us the Gamber's Fallacy using code as a mathematical proof that even though we expect a certain outcome based on the events, this does not mean this outcome will occur the next time. It is entirely possible, even if unlikely, that we get a 0 and 10 many times in a row. Even if something is unlikely, that does not mean that it cannot occur. Granted that in the context of this channel, we are only talking about events that are possible within the realm of physics.

I'll be continuing the Elementary Statistics series on SQL In Six Minutes.

And if you're interested data, I teach the course Automating ETL, which teaches you how to get data easily so that you can quick analyze data in meaningful ways. From files to APIs to databases, students learn how to do this quickly and every question in the course has been answered. You can see an example of this in practice with my post on views to vote ratios and I have more data on that outside this blog.

YouTube | Automating ETL | T-SQL In 2 Hours | Consumer Guide To Digital Security