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re: "Half the schools are below average" - not always true

Posted on 9/30/14 at 9:58 am to
Posted by TN Bhoy
San Antonio, TX
Member since Apr 2010
60589 posts
Posted on 9/30/14 at 9:58 am to
quote:

I'm guessing, NGT



Actually, your OP shows that Tyson doesn't understand averages. The response he's going for in his speeches is "Of course half are below average, duh!".
Posted by SpidermanTUba
my house
Member since May 2004
36128 posts
Posted on 9/30/14 at 10:04 am to
quote:




Actually, your OP shows that Tyson doesn't understand averages. The response he's going for in his speeches is "Of course half are below average, duh!".


If that is indeed true - then you are correct.

In fact statistics may be the most widely misunderstood concept amongst the educated professions (scientists, doctors, etc).

Nassim Taleb makes a point of this in his book "Fooled by Randomness".

Here's a good example he gives for how doctors don't understand statistics:

Given
A) that the false positive rate for a given test for a disease is 1% - and -
B) that the known rate of that disease in the population is 0.1%
EDIT - C) there are NO false negatives

What are the chances that a patient who tests positively for the disease actually has it?


According to Taleb (I forget if he cites a source or not) - doctors will give the wrong answer almost every time.


This post was edited on 9/30/14 at 10:12 am
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