Real Life Points of Inflection

Points of Inflection are locations on a graph where the concavity changes. In the case of the graph above, we can see that the graph is concave down to the left of the inflection point and concave down to the right of the infection point. We can use the second derivative to find such points as in the MathFAQ below.

What is the significance of this point? On both sides of the inflection point, the graph is increasing. This means that as the number of connections increased, so did the revenue from those connections. However, on the left side of the inflection point, the increases in revenue due to increasing connections is getting smaller and smaller. On the right side of the point of inflection, increasing the connections results in larger and larger increases in revenue.

How Do You Compute Conditional Probability From Data?

It easy to confuse conditional probability with probability of an intersection of two event. They are related! The probability of an event A given that event B has occurred is

The vertical bar | means “given” and the event after it is the event that has already occurred.

Let’s look at some data to determine how to find several different probabilities including conditional probability.

Go to the MathFAQ >>