State your question How will you interpret it? State your wild guess What is your answer without any calculating? State your educated guess List the pieces of information you will need in order to answer this Fermi question more precisely.

Assignment Question

Post the following: State your question How will you interpret it? State your wild guess What is your answer without any calculating? State your educated guess List the pieces of information you will need in order to answer this Fermi question more precisely. Estimate the value of each quantity in your list. Based on your estimates, what is your solution to the Fermi question? Show all your steps and use words to explain them. Use the concept of “inside and outside views” as described in How the Superforecasters Do It.

Resources Guttman, A. J., & Goldmeier, J. (2021). Becoming a data head: How to think, speak and understand data science, statistics, and machine learning. John Wiley and Sons. Chapter 10, “Understanding the Classification Model” (pp.139-150) Bergstrom, C. T., & West, J. (2019). Calling bullshit: Data reasoning in a digital world: HomeLinks to an external site.. Bergstrom, C. T., & West, J. (n.d.). Case study: Food stamp fraudLinks to an external site.. Calling Bullshit. Chin, C. (2020, January 12). How the superforecasters do itLinks to an external site.. IDEAS. IBM. (n.d.). SPSS decision trees overviewLinks to an external site.. IBM. (2012). IBM SPSS decision trees: Easily identify groups and predict outcomesLinks to an external site.. IBM. (2023). Creating decision treesLinks to an external site.. In, SPSS statistics (Version 29.0.0). Mehta, A. (2021, April 21). A beginner’s guide to classification and regression treesLinks to an external site.. Digital Marketing and Data Analytics Blog.