From LifeHacker: avoiding basic errors when interpreting stats

This post was kindly contributed by The SAS Dummy - go there to comment and to read the full post.

It’s like I was saying earlier: when used for good, statistics can inform your sound decisions and opinions.

But stats can be used to mislead, as well. LifeHacker.com offers some basic guidance on this subject.

And what if you already have the numbers you want to share, but you want some irrelevant facts to go with them? Visit NumberQuotes.com and find some facts to go along with your measures. My favorite is the number 1: population for New Amsterdam, IN. It’s also the number of dollars needed to buy everyone in New Amsterdam, IN, a hot dog at the 7-Eleven. That would be — you guessed it — one dollar.

This post was kindly contributed by The SAS Dummy - go there to comment and to read the full post.