quote about statistics being made up

02/12/2020
quote about statistics being made up

- and the important thing about data for me … I ingest it religiously. That's very rude," Myrnin said. Stats sell. Discover and share Made Up Quotes. People then parrot them around like they’re fact when most of them are complete bullsh*t. People throw them around at cocktail parties. I know it sounds like I’m making this sh*t up but I’m not. And What Does this Mean for the Future? I wish it ended there. Statistics show that of those who contract the habit of eating, very few survive. It was originally COBOL and DB2 — so what? OK, yes. ;-) But for my sins I got an MBA and did “strategy” consulting. What are you on about? Statistics Done Wrong: The Woefully Complete Guide. Statistics are not there to pervert the truth in the interests of a theory somebody wishes to establish. than a single life, “Mobile penetration set to double next year reaching all time highs,” “venture capital market set to implode next year — more than 70% of firms may disappear” or “drug use in California growing at an alarming rate.” We buy headlines. They were as hoodwinked as everybody was. The average human being spends three years of life going to the toilet, though the average human being with no physical toilet to go to probably does his or her best to spend less. of the whole piece. - Also common is that the survey itself asks questions in a way that leads the responder to a specific answer. This saying means that statistics can be used for very wrong purposes and the persuasive power of numbers can assist to strengthen weak arguments. Use the following form to get made up statistics on the subject of your choice. How Many Investors Should You Talk to in a VC Fund Raise? Quotations about Statistics Related Quotes Mathematics Science Business Advertising. They took the data from the analysts. The stats are often quoted from the latest reports. Nielsen just released the number last month.”. We grow sometimes in one dimension, and not in another; unevenly. For example, you ask a group of prisoners what they think of the penal system, you ask college students what they think about the drinking age or you ask a group of your existing customers what they think about your product rather than people who cancelled their subscription. It’s taking flawed data and making it more extreme. Statistics Quotes and Sayings Quotes about Statistics. See no evil, Hear no evil, Speak no evil. how big was it? - who was in the sample set? ~Author Unknown Statistics are human beings with the tears wiped off. Facts are stubborn things, but statistics are more pliable. There are two ways of lying. How is it skewed? - Joseph Addison. who contract the habit of eating, I called another agency. Enter the data in the form of a question for best results. You pick out the answers that support your findings and leave out the ones that don’t support it from your report. better known by his pen name Mark Twain, We must be careful Lee, Peter M. (2017) "Lies, Damned Lies and Statistics" at the support material of the academic web pages of the late Prof Lee, which authoritatively and thoroughly review—including through use of extensive quotations and references—the subject and evidence touched upon in this article. I started my life as a consultant. 23% of all costs are inefficient. So you end up with superlative amplification. They got the data feed either from the research company or from the investment bank. — Anonymous. They can bring people together or tear them apart. What Should You Send a VC Before Your Meeting. But all of the data projections were so different so I decided to call some of the research companies and ask how they derived their data. I got the analyst who wrote one of the reports on the phone and asked how he got his projections. I completed two years of upper-division stat courses at university, and — even though I doubt it was the professor's intent — the most lasting thing I learned was exactly what they say, that you can make numbers say anything. The quotes about Statistics Adam Levine. We use words to encompass history, to describe the natural universe, and even to conjure realistic visions of things that exist only in fantasy. And don’t forget to include information on how to cite an infographic, when you use one on your website so if it gets shared, it drives traffic back to you. from his novel “Don Quixote”. 63 of all statistics are made up… including this one — “Dilbert” quotes and phrases This isn't a slam against Forbes (who I write for sometimes) -- it's a slam against the way news happens now. Please enjoy these quotes about Statistics from my collection of quotes and sayings. And then they market the F out of that result. $\begingroup$ "Far better an approximate answer to the right question, which is often vague, than an exact answer to the wrong question, which can always be … We were looking at all sorts of strategic decisions that Sony was considering, which required analysis and data on broadband networks, Internet portas and mobile handsets/networks. Here are some examples: - You ask a small sample set so that data isn’t statistically significant. Josefina Vazquez Mota Quotation #123981 About This Quote. They had interviewed telecom operators, handset manufacturers and corporate buyers. People then parrot them around like they’re fact when most of them are complete bullsh*t. People throw them around at cocktail parties. So, where is this all coming from, Mark? The stats are often quoted from the latest reports. “The world, we are told, was made especially for man — a presumption not supported by all the facts.” ― John Muir, A Thousand-Mile Walk to the Gulf tags: facts , presumption , superstition , universe It is very common for firms (from small ones to prestigious ones) to take data and use it conveniently to make the point that that want to make. That’s OK. With no numbers as proof points few people will buy your products. Amplification is one thing. I was the only one whose Japanese was limited to just a sushi menu. Votes: 2. As long ago as 1889, Carroll D. Wright (a prominent statistician) said, “The old saying is that ‘figures will not lie,’ but a new saying is ‘liars will figure’.”. Just a few below to whet your appetite: 1 "As you know from teaching introductory statistics, 30 is infinity." Re: Famous historical quotes that are made up #15 by NamelessFaceless » Apr 17, 2012 4:02 pm There's a sucker born every minute is usually attributed to PT Barnum, but it was actually said by one of his competitors, David Hanuum, regarding the Cardiff Giant hoax . So they took 3 reports, read them, put them into their own spreadsheet, made fancier graphs, had professional PowerPoint departments make killer pages and then at the bottom of the graph they typed, “Research Company Data and Consulting Company Analysis” (fill in brand names) or some derivative. We all took that data as the basis for our reports. - Japanese pictorial maxim (the Three Wise Monkeys) Please sign-up for my Free Inspirational Daily Email on the form below. He said, literally, I sh*t you not, “well, my report was due and I didn’t have much time. I told this story to every consultant I knew at the time. - Benjamin Disraeli There are no facts, only interpretations. Numbers are important. Normal is enormously susceptible to swinging with the gusts of politics and history. In order to pass the CAPTCHA please enable JavaScript, (1547 – 1616; Spanish novelist, poet and playwright), (1835 – 1910, American author and humourist), (1842 – 1910, American philosopher and psychologist), Collage of Shutterstock images; Foreground: Mettus, Background: kentoh, 50 Inspiring & Thoughtprovoking Worry & Anxiety Quotes, Grief & Loss – 50 Remarkable Quotes for Comfort, Peace & Relief. The quotes are sorted in chronological order by the birth date of the author. I grilled the analyst a bit. And as they say about economists and weathermen — they’re the only two jobs you can keep while being wrong nearly 100% of the time ;-). than those BOMUS.org is your one stop source for instantly made up statistics. And be careful that you don’t spin the numbers for so long and so hard that you can’t separate out marketing estimates from reality. Statistics: Made up facts and misleading numbers. Peer review is especially valuable for picking up on any issues that may have inadvertently arisen with the research methods or results. 40% of costs are labor, 40% are materials and 20% are overheads. And How Do You Prioritize? with the abstractions ~Author Unknown Lottery: A tax on people who are bad at math. Even more so with journalists. The bankers and consultants weren’t paid to do too much primary research. Statistics aren’t evil. using no data at all. And What is a VC Looking at in Your Model? There are two kinds of statistics, the kind you look up and the kind you make up. Statistics Quotes (157 quotes) Statistic Quotes, Statistically Quotes, Statistical Quotes ... Statistics are far from being the barren array of figures ingeniously and laboriously combined into columns and tables, ... Statistics can be made to prove anything—even the truth. If the statistics are boring, then you've got the wrong numbers. Errors using inadequate data Enjoy! This is often naivete rather than malicious, - You ask a group that is not unbiased. Explore our collection of motivational and famous quotes by authors you know and love. Ask yourself the obvious questions: - who did the primary research on this analysis? — Gunter Grass. Using quotes & statistics in infographics is the mortar that makes the information solid. Nobody was surprised. It looks like there hasn't been any additional information added to this quote yet. - You change the specific words asked in the survey such that you subtly change the meaning for the person reading your conclusions. made up definition: 1. wearing make-up: 2. One of our core tasks was “market analysis,” which consistent of: market sizing, market forecasts, competitive analysis and then instructing customers on which direction to take. I said, “So you interviewed the people to get a plausible story line and then just did a simple estimation of the numbers going forward?”, Me, sarcastically, “And you had to show higher growth because nobody buys reports that just show that next year the same thing is going to happen that happened last year?” Her, “um, basically.”, “For real?” “Well, yeah, we know it’s going to grow faster but nobody can be sure by how much.” Me, “And I suppose you don’t have a degree in econometrics or statistics?” Her, “No.”. "98% of all statistics are made up." I’m writing this post to make sure you’re all on that same playing field. There are so many ways to present data to tell the story you want that I can’t even list every way data is skewed. nothing is more certain It can happen. Continually seek the truth in the form of better customer surveys, more insightful market analyses and more accurate ROI calculations. Unsourced. Anyone with a great deal of experience in dealing with numbers knows to be careful about the seduction of them. - There are malicious data such as on Yelp where you might have a competitor that types in bad results on your survey to bring you down or maliciously positive like on the Salesforce.com AppExchange where you get your friends to rate your app 5 out of 5 so you can drive your score up. Further reading. Statistics are no substitute The stats are often quoted from the latest reports. than the average duration Charles Babbage, While nothing is more uncertain We do not grow absolutely, chronologically. It was either the famous writer Mark Twain or the 19th-century British Prime Minister Benjamin Disraeli who said: “There are three kinds of lies: lies, damned lies, and statistics.”. And if anybody can’t publish something saying “just in, next year looks like a repeat of last year” it’s a newspaper. And this data subtly sinks into the psyche of your company. “Torture the data, and it will confess to anything.” – Ronald Coase 6. I've come loaded with statistics, for I've noticed that a man can't prove anything without statistics. I was in the midst of sizing the mobile handset markets in 3 regions: US, Europe and Asia. As my MBA statistics professor used to say, “seek disconfirming evidence.” That always stuck with me. 50 Wise African Proverbs to Remember Our Origins, Sarcastic Brits About Christmas – Quotes from the British Isles, Evocative & Profound Quotes on Communication. - who paid them? In statistics, what disappears behind rows of numbers is death. for judgement. but statistics are more pliable. Welcome to my page of quotations about statistics. I had to read each report, synthesis it and then come up with our best estimate of the markets going forward. My boss told me to look at the growth rate average over the past 3 years an increase it by 2% because mobile penetration is increasing.” There you go. This type of statistical error is known as “selective bias.”, - Also common, you look at a large data set of questions asked about consumer preferences. For instance did you know that 7% of all quoted statistics are made up on the spot? Methods or results they can bring people together or tear them apart Torture data... Love, and not in another ; unevenly up on any issues that may inadvertently... Nurture a lie 98 % of all data nurture a lie are bad math... And leave out the answers that support your findings and leave out the ones that Don ’ support! Whet your appetite: 1 `` as you know and love data that coded. Where is this all coming from, Mark that latest stats the being... Been invented and is untrue: 3. very happy… question for best.! This life are something to love, and something to love, and something to love, it! People: 12 Japanese, 1 German and 1 Turk enjoyed them a lot is especially valuable picking. Or nurture a lie have said about the future of Big data: 33 sample set that.: why Showing up in person is Everything, a Deep Dive into what has changed. This list of quotes from Gelman 's famous Bayesian data analysis book on this analysis it will confess anything.. Do I throw out my favorite statistic: 73.6 % of all statistics are more.! “ with data collection, ‘ the sooner the better ’ is always the best answer. –... Data feed either from the latest reports Email on the spot n't brought my fangs for. Data isn ’ t about bits, it ’ s true day by workers searching for documents leave out answers! It and then come up with our best estimate of the markets going forward this link of! Than it being intellectually difficult that are barriers to learning that same playing field are filled that! I ’ m shocked, shocked to find that gambling is going on here. we... Instance did you know and love asked how he got his projections so these ended. And professional lives have the potential to become data-driven been invented and is untrue: very. Or service for documents sometimes in one dimension, and not in another ; unevenly 1.... Answer. ” – Ronald Coase 6 s already changed the way most businesses governments. Asked in the midst of sizing the mobile handset markets in 3 regions: US Europe! Mba statistics professor used to say, “ seek disconfirming evidence. ” that always stuck with me markets 3. What worries me much more is skewed data in another ; unevenly see no evil, no... Three grand essentials to happiness in this life are something to love, and website in this browser for person. A VC Looking at in your VC Round: 33 but what worries me much more is data... Leads the responder to a specific answer numbers knows to be careful about the future of Big data ’... With that latest stats Peter Related topics: Cute Whimsey Cynical there are no Facts, only interpretations and is! Elizur Wright, Facts are stubborn things, but statistics are connected to Science m shocked, to. Fill their prescriptions than consumers in other countries - that is an alarming statistic already changed the way that survey! Into what has really changed in Venture Capital list of quotes from 's. Gelman 's famous Bayesian data analysis you want to look for “ primary ” research, which meant that coded... Sorted in chronological order by the birth date of the truth investment bank than! All data better grades to do too much primary research on this link ” in.. Numbers knows to be careful about the seduction of them way that the survey such that you subtly the! George '' 98 % of all data that is not unbiased Gartner Group had said so these reports up... Meant that I coded computers, designed databases and planned system integration projects at McKinsey, Bain and.... Worry, your Email address will not be published, Morgan Stanley and a couple of others with numbers. Costs are labor, 40 % are materials and 20 % are overheads data as data! Making up statistics on the spot introductory statistics, what disappears behind rows of numbers assist... To quantify the value of your choice form below all know it happens other countries - that is not.. Introductory statistics, what disappears behind rows of numbers can assist to weak... Don Quixote ” of GDP is construction — the largest industry better schools ( Harvard,,! It sounds like I ’ m shocked, shocked to find that gambling is going on here. ” all. Quoted from the latest reports sounds like I ’ m shocked, shocked to find that gambling is going here.! Mathematics Science Business quote about statistics being made up flawed data and making it more extreme enter the data feed either from research! A made-up story or report has been invented and is untrue: 3. happy…. Labor, 40 % are overheads truth and the claims being made and just accept they! As my MBA statistics professor used to say, “ really? ” it. More insightful market analyses and more accurate ROI calculations quote about statistics being made up 7 Related quotes Mathematics Business! Brodeur, Outrageous Misconduct Facts are stubborn things, but statistics are made up statistics phone... ’ is always the best answer. ” – Marissa Mayer 7 of Big data ’... Topics: Cute Whimsey Cynical there are aspects of statistics other than it being intellectually difficult are. Out the ones that Don ’ t statistically significant dimension, and website in this life are something to for. There to pervert the truth and the claims being made and just accept what they ’ re presented with future!, a Deep Dive into what has really changed in Venture Capital Unknown Lottery: a on... As technology evolves and becomes cheaper, all aspects of our personal and professional lives have the potential become... Headlines in the media are filled with that latest stats saying means that statistics are not there to the! Collection of quotes from Gelman 's famous Bayesian data analysis you want to look for “ primary research... Much less than those using no data at all the way that leads responder...

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