I often like to begin classes with a "current event" or some other item in the recent news. Often, these items deal with statistics or probabilities -- about which there are often communication or interpretation problems.
Since we're now into summer, I have no classroom forum in which to present the following -- so this blog is my outlet.
From (among other places) Bloomberg comes the following Alan Greenspan quote:
"At the moment, I still say as I said before, by algebraic implications, the odds are 2 to 1 we won't have a recession."
Yikes!
- Rick
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