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Don't let presenters fool you with Statistics

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This post is written for people who are exposed to presentations which contain statistics. "Facts are stubborn, but statistics are more pliable" - Mark Twain As an audience you are exposed to presentations and most presentations have some kind of statistics. From simple percentages to detailed market surveys. If you are a CEO you will definitely be flooded with statistics when sitting through any presentation. It is very easy to lie with statistics. As Mark Twain observed, statistics is very pliable and can be molded to suit your ends. How will you, as an audience, avoid getting fooled by statistics thrown at you? This is the theme of today's post. It's interesting, so read on. While travelling from Tirupathi to Chennai last month I read a book. All that you are going to read now comes from that book. It is called "How to lie with statistics" and has been written by Darrel Huff . Without much ado let me start. 1. Sample If you are reading a res...