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> Companies in the top quartile for racial and ethnic diversity are 35 percent more likely to have financial returns above their respective national industry me
by mining 10y ago
> Companies in the top quartile for racial and ethnic diversity are 35 percent more likely to have financial returns above their respective national industry medians.
I'd read this as "In excess of their expected appearance rate" (i.e. 1.35 * 50% likelihood).
- jimmywanger 10y ago> I'd read this as "In excess of their expected appearance rate" That's a successful rhetorical technique. There are lies, damned lies and statistics. What if I told you that 40% of sick days were taken on Monday and Friday? Your brain instantly fills in "because they want a three day weekend", not "well that was expected". People who write these articles are experts at letting us fill in the blanks.
- Pica_soO 10y agoThese studies never seem to have the troubles that other scientific studies have, repeat-ability, outliers or biases at picking companies. If you pick the best of a wider selection, the result is to be better of course, but even then, some companies should screw up just because - the noise of a complex world, where good employees might not overcome bad management or bad circumstances.
- debatem1 10y agoIs your argument that this interpretation is numerically wrong or that you don't like the phrasing? It matches my read numerically. Still post hoc fallacy. Edit: I'd->is
- gohrt 10y agoYou seem to be overlooking the word "more" in "35% more likely". It's not "35% chance". You brain is very good at filling in absent words to change the logical content of a statement.
- mining 10y agoNo, I'd parse that as being 2/5. The difference is, you didn't say "40% more sick days are taken on Monday and Friday", which would imply (M+F) = 1.4(T+W+T) -> 58% of sick days taken on Monday and Friday, and 42% of sick days taken on the remaining days.