> I had no idea what a p-value was or why the hell anyone would take the logarithm of a number.
And that my friends is why people need to pay attention in school. Some time around 9th grade or so, the logarithm is taught and it's a mystery how anybody can go through modern life without knowing what it is.
A few years back I sat across a financial advisor who wanted to sell me a certain product and I asked him how long it would take for those proclaimed 3.8% yearly to double my money. He took a calculator, entered 1.038 x and then counted how often he had to press = for 2 to appear. I shook my head and walked out the door.
Of course not everything is about money. But exponentials play a role everywhere. Not having a basic understanding is failure of the school system ... or society that it is embedded in.
And that my friends is why people need to pay attention in school. Some time around 9th grade or so, the logarithm is taught and it's a mystery how anybody can go through modern life without knowing what it is.
A few years back I sat across a financial advisor who wanted to sell me a certain product and I asked him how long it would take for those proclaimed 3.8% yearly to double my money. He took a calculator, entered 1.038 x and then counted how often he had to press = for 2 to appear. I shook my head and walked out the door.
Of course not everything is about money. But exponentials play a role everywhere. Not having a basic understanding is failure of the school system ... or society that it is embedded in.