nreconbus blogspot.com

EconomicsBusiness

Wednesday, August 5, 2015. Lies, Damned Lies, and Statistics. Lets start with a simple example. Did you know that approximately 69 of all accidents happen within 10 miles of the home? Wow, driving within 10 miles of your home must really be unsafe! But wait. where do you drive probably 99 of the time? If we assume this to be the case, now heres where things get interesting. Well, its 1 out of 100. Now, given that one car is yellow, what is the likelihood the other car is red? This isnt a statistic .
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Thoughts on life

Friday, May 1, 2015. Strange to me that the only thing conflicting religions can agree upon is the policy of exclusivity. Kind of makes God sound like the mean girl in high school. While I could see the wheels churn.

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EconomicsBusiness

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Wednesday, August 5, 2015. Lies, Damned Lies, and Statistics. Lets start with a simple example. Did you know that approximately 69 of all accidents happen within 10 miles of the home? Wow, driving within 10 miles of your home must really be unsafe! But wait. where do you drive probably 99 of the time? If we assume this to be the case, now heres where things get interesting. Well, its 1 out of 100. Now, given that one car is yellow, what is the likelihood the other car is red? This isnt a statistic .

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This web page nreconbus.blogspot.com states the following, "Wednesday, August 5, 2015." We saw that the webpage said " Lies, Damned Lies, and Statistics." It also said " Lets start with a simple example. Did you know that approximately 69 of all accidents happen within 10 miles of the home? Wow, driving within 10 miles of your home must really be unsafe! But wait. where do you drive probably 99 of the time? If we assume this to be the case, now heres where things get interesting. Well, its 1 out of 100. Now, given that one car is yellow, what is the likelihood the other car is red? This isnt a statistic ."

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