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Large scary hands with puppet string tied around fingers. The abuse of business statistics has been rampant for a long time, particularly as it applies to the confusion between correlation and...
A misuse of statistics is a pattern of unsound statistical analysis. These are variously related to data quality, statistical methods and interpretations. Statistics are occasionally misused to persuade, influence and sell. Misuse can also result from mistakes of analysis that result in poor decisions and failed strategies.
By April 11, more than 22 million Americans had lost their jobs. By May 27, 100,000 Americans had died from Covid-19. Note that these are all counts, not percentages. And the airline industry?...
The definition of the misuse of statistics is weak on the required completeness of statistical reporting. The opinion is expressed that newspapers must provide at least the source for the statistics reported.
In this series we look at some of the common mistakes we make and how to avoid them when thinking about statistics, probability and risk.
Smeets spoke to Spektrum der Wissenschaft, the German-language edition of Scientific American, about misleading statistics, how to avoid them and what it takes to improve communication between...
Statistics can tell a powerful story, but bad statistics can mislead your audience, weaken your argument, and damage your credibility. Below are some of the most common ways in which statistics are misused or misunderstood.
For Wolfers, a key to minimizing the misuse of statistics involves intuitive plausibility, or understanding the researcher’s approach and the interplay of forces.
In today’s world, the misuse of statistics is common, and it can be spotted everywhere, from news to marketing, and in this article, we are going to focus on the ways you can detect that practice and avoid it in your business.
However, statistics can be abused too. The following lists some ways in which this frequently happens: Speaking of changes in a variable in terms of actual values or percentages to either inflate or deflate their importance psychologically. (How happy would you be if your net worth increased by $10,000,000.