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Visual Guides/Math for Statistics
Statistics

Math for Statistics: The Visual Toolkit

Statistics relies on a small toolkit of mathematical ideas. You do not need to memorize formulas; you need to understand what they mean.

Explore growth, logarithms, summation, weighted averages, rates of change, and set operations with six interactive tools.

Tools explored: 1/6
Tools adjusted: 0/4

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Compound vs Simple Growth

$100
5%
10 yr
yr1
yr5
yr10
Simple
Compound

Simple Final

$150.00

100 + (100 × 5.0% × 10)

Compound Final

$162.89

100 × (1 + 5.0%)^10

Compound Advantage

+$12.89

8.6% more than simple

Simple growth increases linearly. Compound growth multiplies: each year, the interest earns interest. Over 30 years, compound growth can be 2–3× larger.

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