re: Fox Sports Marcellus Wiley says it’s not guns, it’s about people

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That would imply that substantially more than 17% of murders (because the waiting period would not be 100% effective) are committed with guns that a waiting period pertains to, that is a recently purchased firearm. Correct?

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It's saying the opposite.

83% of homicides are committed outside the waiting period, not within the waiting period.

Only 17% of murders are committed within the waiting period which seems very plausible to me (i.e would have been committed in that time frame if there was no waiting period in place).

A reduction of 17% is because the waiting period stops 17% of gun homicides from occurring. I'm not sure why this is unrealistic - most murders are committed outside the waiting period of a 5 days/week.