What You'll Learn:
We encounter statistics every day—in advertisements, in the news—everywhere. But are statistics trustworthy and accurate? Many times, the answer is no. They can and often are skewed with specific goals in mind and to influence decisions toward certain outcomes. By looking closer at the statistical process, we can discern the validity of a statistic and make more informed choices.
Key Insights:
- Although the use of samples is the simplest and most-relied-on statistical method, samples are often unreliable.
- By identifying the biases that limit a set of statistics, we can determine the data’s accuracy.
- Charts, maps, and other types of graphs are not always what they seem.
- Statistical fallacies are worth watching for, but we need to know where they usually pop up.
- Not all statistics are misleading, but there are five questions that can help us determine if they might be.
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