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Thread: Lies, damn lies and statistics?

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  1. February 27th, 2007, 09:04 PM #1
    nihil
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    Lies, damn lies and statistics?

    If this wasn't so sad, crap journalism, it might even be funny?

    http://www.vnunet.com/vnunet/news/21...st-enterprises

    Errr if they lose $30m and that is 2.2% that puts a significant proportion of US GNP at $1.36 billion?............. unless he meant individually, in which case the article is even crappier?

    And I am sure that most companies in the Fortune 500 or even 5000 gross over $1.4 billion?

    My view is that if you do not understand statistics...... don't use them?
    Last edited by nihil; February 28th, 2007 at 12:13 AM.
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