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A well-educated person in statistics would also mention that it requires a certain class of distribution. This is one of Nassim Taleb's favourite subject (imagi
by dist-epoch 7mo ago
A well-educated person in statistics would also mention that it requires a certain class of distribution. This is one of Nassim Taleb's favourite subject (imagine computing the average net worth of a random group of people and suddenly Bill Gates is among them)
- dhosek 7mo agoWhich would become a biased sample. It’s not as if nobody doing statistical analysis has never seen outliers before.