ML - The way the world works - analyzing how things work

First, you need to make sure that you are creating value for people That is the most important thing If you are not creating value for people, then the business model will not be sustainable The second thing is to make sure that you can do it profitably

The most important factor in the abundance of oil is the continued growth in global population, which is projected to top 9 billion by 2050 The world population is expected to grow from 6 7 billion today to 9 billion by 2050 The growth in population will come from developing countries, in particular China and India, with their fast-growing economies The amount of oil used to produce the goods and services consumed in the world will increase with the growth of population, incomes, and standards of living Oil is the dominant energy source for transport fuels and will remain so for decades to come The oil industry has invested heavily in finding and developing new sources of oil and in improved recovery methods to extract more oil from existing fields This has resulted in a great increase in the amount of oil available to the world

Over supply

Predicting probability based on mean and failed trials

Fees and cash flow

The call center occurrence simulation

There is also an indirect impact A six-sigma process is a very reliable process The first use of the term “Six Sigma” was by Motorola, who used it to describe the reliability of their production processes, which they measured as a Six Sigma process (that is, a process in which 99.99966% of the time it was in controls€)

Bayes theorem

Probability

Modeling the real world using simulation