Discover how to leverage the power of numbers to make everyday decisions and better understand the world around you.
Overview
Syllabus
Introduction
- Welcome
- How to compare Olympic medals won in Rio
- Growth rates, the Rule of 72, and the danger of extrapolation
- Financial ratios and determining the unpaid inventory of Walmart
- Convert to percentages: Least common denominator, stock prices, and common-size financial statements
- Converting numbers: Mars, miles, dollars, and Usain Bolt
- Low-probability events: Fear of flying, black swans, and extinction of the dinosaurs
- Famous averages: Dow Jones and consumer prices
- Income distribution: The difference between mean and median
- Probabilities: Life insurance and the weather
- Conditional probabilities and counting cards
- Variance and the concept of risk
- Numerical planning and everyday decisions
- Create, monitor, and evaluate your budget
- How many KPIs should an organization have?
- How the market responds so fast to an earnings announcement
- Forecast the timing and amount of a business loan
- Time value of candy (and money)
- The power of compound interest
- Loan payments and interest rates
- Start saving early for retirement
- Numerical estimation: How many windshield wiper blades are sold in Salt Lake City each year?
- Calibrate uncertainty: What is the wingspan of a 747?
- Identifying key variables: What is the value of your neighbor's house?
- What would it cost to construct a custom-made oak table?
- Quick understandings that come from numbers
Taught by
Jim Stice and Kay Stice
