(Roughly) Daily

“There are three types of lies — lies, damn lies, and statistics”*…

 

In today’s world, we are constantly bombarded with averages and medians: the average temperature in New York in April is 52 degrees; Stephen Curry averages 30 points per game; the median household income in the United States is $51,939

But the concept of taking many different measurements and representing them with one best number is a relatively recent invention. In fact, there are no historical examples of the average or median being used in this manner prior to the 17th Century.

So how did the concept of averages and medians develop? And how did the average triumph as the measurement of our times?  The supremacy of the average over the median has had profound consequences about how we understand data. In many cases, it has led us astray…

More at “How the Average Triumphed Over the Median.”

* Benjamin Disraeli

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As we average it out, we might recall that it was on this date in 1913 that employees of the City of New York held a “Parade of Statistical Graphics,” replete with large graphs on horse-drawn floats, and a photograph with people arranged in a bell-shaped curve.  The crowd’s favorite was the float devoted to the decline in death rate due to improvements in sanitation and nursing.

 source

 

Written by (Roughly) Daily

May 17, 2016 at 1:01 am

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