Do Statistics Lie?
Gary R. Duell, ChFC Holistic Fiduciary
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Statistics don't lie.?But people lie using them.
Below is what I call lying with the truth.?It's done to sell newspapers of course; I mean, that's a?very?alarming increase in Omicron deaths isn't it??
But hey, wait a minute.?
Let's take a closer look at the scale here.?This is "Cumulative Deaths per 100,000" across various countries, with the USA looking?much?much worse than the selected countries.?From about the beginning to the end of January, deaths tripled.?Three times anything is a lot, isn't it??
Well, no.
What sins did the Times commit with this chart?:
Here's my point:??As serious as?any?30 deaths are (especially to those 30 people and their friends and families), out of 100,000 people they are no more statistically significant than 10 deaths.?Out of 100,000 people, 30 is still so close to zero as to be as statistically meaningless as 10.
This shows the danger of Summary Metrics or how one chooses to display data.
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1 年Yes, you are 100% corrrect, Gary. Nice to connect with you again. Love your newsletter. Take care.