Posts Tagged ‘Straight up Statistics’Straight up Statistics: How Random is Your Sample?By AUSTIN NELSON How many times have you read a statistic like this one: “57% of Americans believe that the economy will do X in the next Y years”? Ever wondered how in the heck they can say something like that? Do they poll every American and ask them what they think? The answer, of [...] Straight Up Statistics: Deconstructing the AverageBy AUSTIN NELSON In today’s fast paced, data-driven world, it’s easy to get lost in the morass of statistics flashing across our TVs and computer screens at a sometimes maddening pace. Government officials, bankers, retailers and snake oil salesmen alike throw out statistical arguments at the drop of a hat, telling you why their pitch [...] |