That's very rude," Myrnin said. A made-up story or report has been invented and is untrue: 3. very happy…. — Anonymous. ... Americans pay up to 1,000 percent more to fill their prescriptions than consumers in other countries - that is an alarming statistic. Related Topics: More Math Jokes, Math Quotes and Games Statistics "42.7% of all statistics are made up on the spot." for judgement. 4. - what motives might these people have had? Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. Statistics are no substitute The stats are often quoted from the latest reports. I grilled the analyst a bit. There are two ways of lying. The stats are often quoted from the latest reports. $\begingroup$ "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 … Reinhart, Alex (2015). from his novel “Don Quixote”. And if anybody can’t publish something saying “just in, next year looks like a repeat of last year” it’s a newspaper. Then the data got amplified. “Big data isn’t about bits, it’s about talent.” – … Enter the data in the form of a question for best results. Statistics Quotes and Sayings Quotes about Statistics. They, too, were staffed with super smart twenty somethings. The bankers and consultants weren’t paid to do too much primary research. - Laurence J. Peter. As scientific as that. ;-) But for my sins I got an MBA and did “strategy” consulting. This is an “error of omission.”. Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. It’s important to quantify the value of your product or service. And this data subtly sinks into the psyche of your company. 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. made up definition: 1. wearing make-up: 2. Quotation #123981 About This Quote. I’m shocked, shocked to find that gambling is going on here. Discover and share Made Up Quotes. ~Author Unknown Statistics aren’t evil. As my MBA statistics professor used to say, “seek disconfirming evidence.” That always stuck with me. But subtle changes in words can totally change the way that the reader interprets the results. - You change the specific words asked in the survey such that you subtly change the meaning for the person reading your conclusions. I’m writing this post to make sure you’re all on that same playing field. - Laurence J. Peter Related topics: Cute Whimsey Cynical There are three types of lies- lies, damn lies, and statistics. Unsourced. 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. made-up quotes,made-up, keyword, keywords. nothing is more certain Fortunately I was mostly a technology consultant, which meant that I coded computers, designed databases and planned system integration projects. Larry Lorenzoni Cognitive psychology tells us that the unaided human mind is vulnerable to many fallacies and illusions because of its reliance on its memory for vivid anecdotes rather than systematic statistics. One, not telling the truth and the other, making up statistics. with the abstractions Errors using inadequate data And What Does this Mean for the Future? 50 Thoughtful Forgiveness Quotes – Forgive & Forget! - 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. 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. 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.”. I was the only one whose Japanese was limited to just a sushi menu. Just a few below to whet your appetite: 1 "As you know from teaching introductory statistics, 30 is infinity." I’d rather make decisions with uncertain numbers than no numbers. “Statistics are no substitute for judgment.” (Henry Clay, 1850) “Statistics are no substitute for common sense.” (Richard N Bialac) “I can prove anything by statistics except the truth.” (George Canning) Amplification is one thing. And then I triangulate. The quotes are sorted in chronological order by the birth date of the author. who contract the habit of eating, I know it sounds like I’m making this sh*t up but I’m not. 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 . The following quotes reflect what the experts have said about the future of big data: 33. Statistics can easily be doctored, made up out of thin air, or even serve as reference articles in massive business publications that didn't thoroughly fact-check. They’re just a bit like the weather — hard to really predict. And be careful not to believe your own hype. People then parrot them around like they’re fact when most of them are complete bullsh*t. People throw them around at cocktail parties. Use the following form to get made up statistics on the subject of your choice. not to confuse data we use to analyse them. 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. Continually seek the truth in the form of better customer surveys, more insightful market analyses and more accurate ROI calculations. — Anonymous. Explore our collection of motivational and famous quotes by authors you know and love. I had reports from Gartner Group, Yankee Group, IDC, Goldman Sachs, Morgan Stanley and a couple of others. - Joseph Addison. It can happen. was it inclusive enough? I was in the midst of sizing the mobile handset markets in 3 regions: US, Europe and Asia. but statistics are more pliable. Stats sell. better known by his pen name Mark Twain, We must be careful Statistics Numbers 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. 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. How, ... and the claims being made and just accept what they’re presented with. I look for more sources if I want a truer picture. 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. 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. But you have to understand how to interpret your numbers. Or as Mark Twain popularized the quote most attributed to the Prime Minister of Great Britain, Benjamin Disraeli, “there are three kinds of lies: lies, damn lies and statistics.” The quote is meant to highlight the deceiving but persuasive power of numbers. Words can uphold the truth or nurture a lie. But what worries me much more is skewed data. We do not grow absolutely, chronologically. 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. — Edward R. Tufte. Elizur Wright, Facts are stubborn things, Further reading. We use words to encompass history, to describe the natural universe, and even to conjure realistic visions of things that exist only in fantasy. Henry Clay, Sr. The headlines in the media are filled with that latest stats. “I’m shocked, shocked to find that gambling is going on here.” We all know it happens. It’s taking flawed data and making it more extreme. If the statistics are boring, then you've got the wrong numbers. Nobody does this stuff free. but statistics are pliable. 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. Explore our collection of motivational and famous quotes by authors you know and love. I found this list of quotes from Gelman's famous Bayesian Data Analysis book on this link. I had to read each report, synthesis it and then come up with our best estimate of the markets going forward. You pick out the answers that support your findings and leave out the ones that don’t support it from your report. Statistics show that the people who have the most live the longest. That’s OK. With no numbers as proof points few people will buy your products. “Torture the data, and it will confess to anything.” – Ronald Coase 6. than those Obviously try to derive data that is as accurate as possible. Facts are stubborn things, but statistics are more pliable. 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. Unless it’s a major publication there’s no time to fact check data in a report. Save my name, e-mail, and website in this browser for the next time I comment. There are aspects of statistics other than it being intellectually difficult that are barriers to learning. In statistics, what disappears behind rows of numbers is death. What Should You Send a VC Before Your Meeting. There are no Shortcuts: Why Showing up In Person is Everything, A Deep Dive into What Has Really Changed in Venture Capital. Being the number one investment bank in a greatly reduced data set shouldn’t stop you from wanting to broaden the definition of “number 1” next year. In 1999 I was in Japan doing a strategy project for the board of directors of Sony. Enjoy! Nielsen just released the number last month.”. ~Author Unknown Lottery: A tax on people who are bad at math. People then parrot them around like they’re fact when most of them are complete bullsh*t. People throw them around at cocktail parties. - Also common is that the survey itself asks questions in a way that leads the responder to a specific answer. For instance did you know that 7% of all quoted statistics are made up on the spot? So you end up with superlative amplification. I got the analyst who wrote one of the reports on the phone and asked how he got his projections. But you couldn’t just publish exactly what Gartner Group had said so these reports ended up slightly amplified in message. We grow sometimes in one dimension, and not in another; unevenly. How Many Investors Should You Talk to in a VC Fund Raise? 63 of all statistics are made up… including this one — “Dilbert” quotes and phrases very few survive. Why Has Seed Investing Declined? They had interviewed telecom operators, handset manufacturers and corporate buyers. As technology evolves and becomes cheaper, all aspects of our personal and professional lives have the potential to become data-driven. I’m not picking on them. George Bernard Shaw Votes: 2. 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. Quotations about Statistics Related Quotes Mathematics Science Business Advertising. The problem got worse as the data flowed out to the “bulge bracket” investment banks. 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’.”.