Monday, January 9, 2017

Turning lead into gold and bad data into information

The Philosopher's Stone in Statistics. From bad data to perfect information.



Warning: Blog with humorous content.

The philosopher's stone, also called Magnus Opus (the Great Work) or Elixir of life, for magicians and alchemists, was a stone with extraordinary properties capable of transmuting any metal into gold, curing any disease, prolonging life and even immortality. By these marvelous virtues was formerly a coveted and anxiously sought object. (R1)

According to some beliefs there were two types of stones:
• Red: which transforms impure metals into gold.
• White: which transforms impure metals into silver.

It was believed that the Philosopher's Stone could transform metals or any object into gold. On a more conceptual level, we speak of the philosopher's stone as a metaphor for perfection, where the human would be the impure metal that gradually reaches perfection to become gold.

The Philosopher's Stone has inspired many writers in the past. Currently, Harry Potter and the Philosopher's Stone is an example of the number of books that have the Philosopher's Stone in the central argument of their stories.

There were exceptional people like Isaac Newton, who were interested in the search for the philosopher's stone. Recently Newton's recipe has been found to obtain a material that would be the passage to find the mythical stone philosopher; And the document contains instructions for obtaining 'philosophical' mercury, a substance that would be one of the steps in the alchemical process to obtain the philosopher's stone.


In statistical analysis, data with a normal distribution have two important values: the arithmetic mean and the standard deviation. It is called Parameters when referring to the population; Indicators or statistics when they correspond to the samples.
In statistics and probability the normal distribution, the Gaussian distribution is a function of continuous variable that more often approaches the real phenomena (social, natural, psychological) for the distribution of data.  The graph of its density function has a flared form and is symmetrical with respect to a certain statistical parameter, the arithmetic mean. The curve is known as the Gaussian bell and is the graph of a Gaussian function.



In real life, the data are distributed around the mean in the Gaussian bell, and the distance depends on how homogeneous the entities from which the data were obtained. When the weight of children between 8 and 17 years is analyzed, the extreme data are so far removed that the decisions that are taken are useless. It is different when taking children between 15 and 17 years. There are more homogenous data, so a decision about education for healthy food consumption is more consistent.

Fortunately there is the philosopher's stone to eliminate the annoyance that originates the existence of the standard deviation (σ, s). The closer to zero is the value of the standard deviation, the better the data set. But why not get to zero? There is a statistical software that performs the data processing and in the end converts the standard deviation to zero. You do not have to worry if to include a larger range of data, you must admit one or more deviations around the mean. With zero standard deviation, you will always have 100% data included.

Do you dare to use this software? Do you know how much you would improve the quality of your decisions if you use the "philosophical stone of computing"? The Beta version already exists in the market, one of the names is NullDeviation ®. You can be the "Stats Wizard".



References


(R1) Piedra filosofal: Alquimia  , Febrero 3, 2011

Recuperan una receta de Isaac Newton para obtener la piedra filosofal
27 marzo, 2016

Distribución normal

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