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It's not though. If you take a random sample of people the odds that one is unemployed is .6% higher in one set than the other, not 12. The 12 only makes sense
by BobbyJo 5y ago
It's not though. If you take a random sample of people the odds that one is unemployed is .6% higher in one set than the other, not 12. The 12 only makes sense if you are only sampling from the unemployed, which is not how anyone on the street is going to parse that statement.
- konschubert 5y agoThe difference between 5% and 5.6% is approx 11%. But I agree it’s more useful to look at percentage points here