00:00 - 02:09
2m 9s
Peter walks Billy through his statistical analysis of players. He states that they can assemble a championship team within their budget because many exceptional players are overlooked for subjective reasons. Peter cuts through the subjectivity using data, allowing him to find undervalued players.
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Explains when to use the Mean and Cumulative Distribution Geometric formulas.
Provides real life examples of how biased algorithms in big data can have serious effects; for example, how the "Compas" algorithm is used by courts to determine recidivism rates despite the possibility that the algorithm is racially discriminatory.
How degrees of freedom and effect size determine the usefulness of a statistical study.
In this scene, Charlie and Don realize that their mathematical model is wrong because they were focusing on the wrong factor (the home) as opposed to the right one (the criminal's workplace).
