I'm half way through the material for M140 now and have found unit 6 the most interesting and most challenging. Unit 6 focusses on probability and is a kind of beginner's guide to probability - this is definitely the thing I find most interesting about statistics and I'm looking forward to building on this knowledge as the module progresses.
The content even got me thinking about gambling on a 50/50 probability and tried to model up a system in Excel where you use half of your overall pot of money to back 5 events with 50/50 probability with an equal stake on each and then modelled that out over a period of weeks with the same bet happening each week. Guess what....the bookies always win but it was interesting to go through the process and a good indication that the unit has got my mind working.
I also had my first day school on this module last week. It is always good to meet fellow students, however, I'm already a few months ahead of schedule so the content of the day school served little purpose other than some light touch revision.
M140 - halfway there
I'm half way through the material for M140 now and have found unit 6 the most interesting and most challenging. Unit 6 focusses on probability and is a kind of beginner's guide to probability - this is definitely the thing I find most interesting about statistics and I'm looking forward to building on this knowledge as the module progresses.
The content even got me thinking about gambling on a 50/50 probability and tried to model up a system in Excel where you use half of your overall pot of money to back 5 events with 50/50 probability with an equal stake on each and then modelled that out over a period of weeks with the same bet happening each week. Guess what....the bookies always win but it was interesting to go through the process and a good indication that the unit has got my mind working.
I also had my first day school on this module last week. It is always good to meet fellow students, however, I'm already a few months ahead of schedule so the content of the day school served little purpose other than some light touch revision.