Friday, January 20, 2017
Beware the Datum
I am watching television. I hear a number. Population growth percentage. This is given to bring calm to those who predict that overcrowding will bring doom. I hear this and I feel better.
About a year later, I remember something I posted to my blog about statistics.
If the Government spends $100,000,000 a year on a programme, then cuts $20,000,000 from the program bringing the spending to $80,000,000, The headline reads, the Government cuts spending by 20%.
A year later, the Government restores the $20,000,000 in spending, increasing the spending from $80,000,000 to $100,000,000, The headline reads, the Government increases spending by 25%.
A similar paradigm applies to population.
When I was young, the population was 100,000,000 people. The population increased by 10,000,000 or 10%.
Recently, with a population of 300,000,000, the populations increased by 15,000,000 people. Or 5%.
One report reads, that the growth trend in population increased from Ten million people to 15 million people or that the population growth rate increased by 50%.
The other report reads that the growth trend in population growth moved from 10% to 5%. Or that the population growth rate decreased by 50%.
I am reminded of this each and every time I hear someone report a number.
Beware the Datum.
Regards,
Slim.
Copyright (c) 2017 Bob Asken
All rights reserved.
Comments (10)

Sort by: Date Rating Last Activity
Loading comments...
Holiday can always be on the cards for you and your loved ones. You need to make sure you have great package for your members and you. So that you enjoy your heart out in the trip. Do not miss out on the top destinations.
Gotta love these luxurious airlines!
Does your company's org chart reflect your team vision? I think that is the question that every company should be asking themselves. You need to make an organizational chart for your business, no matter what size your company is because it ensures your company can scale. You can easily create Organizational structures of your company with Organizational Chart Software like Creately. There are 1000s of templates and examples of org charts to get started for free
This is the news I read in 2015 "After 6 years of no growth, 2014 was an important milestone as Spain's gross domestic product increased by 1.3%. At the same time the unemployment rate in this country increased. has decreased by 2 points, from 25.7% to 23.7%, thanks to that achievement, in January 2015, Prime Minister Mariano Rajoy boldly declared: Spain is a country that creates a lot of jobs. most jobs in the euro. "
Do you want a random name selector? If yes, then your only destination should be Wheel Decide. You can choose multiple names and decide to remove the winner from the wheel after one turn. Just enter a summary of names or things in the text area and click on the tab on the spin wheel to choose the wheel. We value spin wheel game with yes or no wheel and remember to share the consequences of wheel selector and introduce our name wheel tool with each of your teammates. For more information, visit our website
Holiday can always be on the cards for you and your loved ones. You need to make sure you have great package for your members and you. So that you enjoy your heart out in the trip. Do not miss out on the top destinations.
BatteryPoweredLeafBlower
CordlessLeafBlower
BatteryPoweredLeafBlower
CordlessLeafBlower
This guide is very helpful for many people. Keep doing Nice work. gardenreviews
Post a new comment
Comments by IntenseDebate
Labels:
accuracy,
analysis,
bob asken slim fairview,
data,
datum,
projections,
reporting,
understanding numbers
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment