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Analyses like this show why we need to teach statistics in place of calculus in high school.
by ajmadesc 6y ago
Analyses like this show why we need to teach statistics in place of calculus in high school.
- leetcrew 6y agonot really. the key mistake here is treating gdp is a proxy for wages when there is no direct connection between the two. in a pathological case, you could have a $1T GDP and have zero wages paid. the question of whether mean or median figures are more appropriate when talking about wages (what I assume you are alluding to with your statistics quip) is a side issue. no amount of statistics knowledge will help someone who insists on comparing apples to oranges.