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December 18, 2006
Math and Music
A cool example of Bayes Law in calculating the odds of going to a concert given that you plan an instrument. I always enjoy simple, but sophisticated mathematical thinking whipped out to solve a real world problem.
I also had another interpretation of the data. Given that instrument players are 3 times as likely to attend concerts as non-players, that statistic alone might be enough to justify spending the marketing money to appeal to music students rather than the general public they might still have a higher marginal willingness to spend money and time on concerts even though they are such a smaller audience.
Posted by OneEyedMan at December 18, 2006 8:57 AM
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