There are aspects of statistics other than it being intellectually difficult that are barriers to learning. In statistics, what disappears behind rows of numbers is death. I have seen this so many times I consider it routine, which is why I question ALL data that I read. Use the following form to get made up statistics on the subject of your choice. better known by his pen name Mark Twain, We must be careful - Joseph Addison. Nobody was surprised. It was either the famous writer Mark Twain or the 19th-century British Prime Minister Benjamin Disraeli who said: “There are three kinds of lies: lies, damned lies, and statistics.”. Statistics are not there to pervert the truth in the interests of a theory somebody wishes to establish. but statistics are pliable. I’m shocked, shocked to find that gambling is going on here. The stats are often quoted from the latest reports. Normal is enormously susceptible to swinging with the gusts of politics and history. As technology evolves and becomes cheaper, all aspects of our personal and professional lives have the potential to become data-driven. I know it sounds like I’m making this sh*t up but I’m not. They got the data feed either from the research company or from the investment bank. We were looking at all sorts of strategic decisions that Sony was considering, which required analysis and data on broadband networks, Internet portas and mobile handsets/networks. And be careful not to believe your own hype. And even then …. Nobody does this stuff free. who contract the habit of eating, The quotes about Statistics Adam Levine. — Gunter Grass. Just a few below to whet your appetite: 1 "As you know from teaching introductory statistics, 30 is infinity." A made-up story or report has been invented and is untrue: 3. very happy…. George Bernard Shaw. - There are malicious data such as on Yelp where you might have a competitor that types in bad results on your survey to bring you down or maliciously positive like on the Salesforce.com AppExchange where you get your friends to rate your app 5 out of 5 so you can drive your score up. Statistics Done Wrong: The Woefully Complete Guide. Enjoy! The average human being spends three years of life going to the toilet, though the average human being with no physical toilet to go to probably does his or her best to spend less. 40% of costs are labor, 40% are materials and 20% are overheads. George Bernard Shaw There are so many ways to present data to tell the story you want that I can’t even list every way data is skewed. They were as hoodwinked as everybody was. $\begingroup$ "Far better an approximate answer to the right question, which is often vague, than an exact answer to the wrong question, which can always be … But all of the data projections were so different so I decided to call some of the research companies and ask how they derived their data. The quotes are sorted in chronological order by the birth date of the author. If the statistics are boring, then you've got the wrong numbers. Learn more. This type of statistical error is known as “selective bias.”, - Also common, you look at a large data set of questions asked about consumer preferences. “Statistics are no substitute for judgment.” (Henry Clay, 1850) “Statistics are no substitute for common sense.” (Richard N Bialac) “I can prove anything by statistics except the truth.” (George Canning) Quotations about Statistics Related Quotes Mathematics Science Business Advertising. And this data subtly sinks into the psyche of your company. “The world, we are told, was made especially for man — a presumption not supported by all the facts.” ― John Muir, A Thousand-Mile Walk to the Gulf tags: facts , presumption , superstition , universe I said, “So you interviewed the people to get a plausible story line and then just did a simple estimation of the numbers going forward?”, Me, sarcastically, “And you had to show higher growth because nobody buys reports that just show that next year the same thing is going to happen that happened last year?” Her, “um, basically.”, “For real?” “Well, yeah, we know it’s going to grow faster but nobody can be sure by how much.” Me, “And I suppose you don’t have a degree in econometrics or statistics?” Her, “No.”. was it inclusive enough? Three grand essentials to happiness in this life are something to do, something to love, and something to hope for. BOMUS.org is your one stop source for instantly made up statistics. We do not grow absolutely, chronologically. By a small sample, You’ll do your best to market the benefits ethically while still emphasizing your strong points. "98% of all statistics are made up." They’re just a bit like the weather — hard to really predict. Rose George Numbers are important. - who was in the sample set? Ask yourself the obvious questions: - who did the primary research on this analysis? than those I was leading the analysis with a team of 14 people: 12 Japanese, 1 German and 1 Turk. I found this list of quotes from Gelman's famous Bayesian Data Analysis book on this link. There are no Shortcuts: Why Showing up In Person is Everything, A Deep Dive into What Has Really Changed in Venture Capital. Facts are stubborn things, but statistics are more pliable. Why Has Seed Investing Declined? And don’t forget to include information on how to cite an infographic, when you use one on your website so if it gets shared, it drives traffic back to you. “No great marketing decisions have ever been made on qualitative data.” – John Sculley 5. “Mobile penetration set to double next year reaching all time highs,” “venture capital market set to implode next year — more than 70% of firms may disappear” or “drug use in California growing at an alarming rate.” We buy headlines. And then they market the F out of that result. People then parrot them around like they’re fact when most of them are complete bullsh*t. People throw them around at cocktail parties. “Big data isn’t about bits, it’s about talent.” – … This is often naivete rather than malicious, - You ask a group that is not unbiased. I always try to think to myself, “what would the opposing side of this data analysis use to argue its weaknesses?”. How, ... and the claims being made and just accept what they’re presented with. Peer review is especially valuable for picking up on any issues that may have inadvertently arisen with the research methods or results. It’s already changed the way most businesses and governments think and operate. - You change the specific words asked in the survey such that you subtly change the meaning for the person reading your conclusions. Stats sell. very few survive. Josefina Vazquez Mota And if anybody can’t publish something saying “just in, next year looks like a repeat of last year” it’s a newspaper. And What is a VC Looking at in Your Model? This saying means that statistics can be used for very wrong purposes and the persuasive power of numbers can assist to strengthen weak arguments. What Should You Send a VC Before Your Meeting. One, not telling the truth and the other, making up statistics. Or as Mark Twain popularized the quote most attributed to the Prime Minister of Great Britain, Benjamin Disraeli, “there are three kinds of lies: lies, damn lies and statistics.” The quote is meant to highlight the deceiving but persuasive power of numbers. Discover and share Famous Quotes Statistics. Anyone with a great deal of experience in dealing with numbers knows to be careful about the seduction of them. Statistics Quotes (157 quotes) Statistic Quotes, Statistically Quotes, Statistical Quotes ... Statistics are far from being the barren array of figures ingeniously and laboriously combined into columns and tables, ... Statistics can be made to prove anything—even the truth. People then parrot them around like they’re fact when most of them are complete bullsh*t. People throw them around at cocktail parties. ;-) But for my sins I got an MBA and did “strategy” consulting. And How Do You Prioritize? nothing is more certain we may judge And What Does this Mean for the Future? I encourage it. This is an “error of omission.”. Further reading. Words can incite anger or invoke passion. But what worries me much more is skewed data. with the abstractions I’m writing this post to make sure you’re all on that same playing field. Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. Statistics Numbers Quotes. - Also common is that the survey itself asks questions in a way that leads the responder to a specific answer. than the average duration - what motives might these people have had? I had reports from Gartner Group, Yankee Group, IDC, Goldman Sachs, Morgan Stanley and a couple of others. 4. We use words to encompass history, to describe the natural universe, and even to conjure realistic visions of things that exist only in fantasy. I look for more sources if I want a truer picture. You’re either paid up front “sponsored research” or you’re paid on the back-end in terms of clients buying research reports. So they took 3 reports, read them, put them into their own spreadsheet, made fancier graphs, had professional PowerPoint departments make killer pages and then at the bottom of the graph they typed, “Research Company Data and Consulting Company Analysis” (fill in brand names) or some derivative. So you end up with superlative amplification. In the end make sure you’re suspicious of all data. Reinhart, Alex (2015). Explore our collection of motivational and famous quotes by authors you know and love. 50 Thoughtful Forgiveness Quotes – Forgive & Forget! They had interviewed telecom operators, handset manufacturers and corporate buyers. Explore our collection of motivational and famous quotes by authors you know and love. of the whole piece. 50 Wise African Proverbs to Remember Our Origins, Sarcastic Brits About Christmas – Quotes from the British Isles, Evocative & Profound Quotes on Communication. I’m not picking on them. I've come loaded with statistics, for I've noticed that a man can't prove anything without statistics. 18% of all errors come from people using the wrong documents. Save my name, e-mail, and website in this browser for the next time I comment. But you have to understand how to interpret your numbers. He must have been about 24. It becomes folklore. They took the data from the analysts. Then the data got amplified. Charles Babbage, While nothing is more uncertain that of those Elizur Wright, Facts are stubborn things, We grow sometimes in one dimension, and not in another; unevenly. Statistics can easily be doctored, made up out of thin air, or even serve as reference articles in massive business publications that didn't thoroughly fact-check. not to confuse data That’s OK. With no numbers as proof points few people will buy your products. are much less I’d rather make decisions with uncertain numbers than no numbers. This isn't a slam against Forbes (who I write for sometimes) -- it's a slam against the way news happens now. - who paid them? Continually seek the truth in the form of better customer surveys, more insightful market analyses and more accurate ROI calculations. ~Author Unknown Amplification is one thing. ~Author Unknown Statistics are human beings with the tears wiped off. We believe in the power of infographics. Enter the data in the form of a question for best results. For example, you ask a group of prisoners what they think of the penal system, you ask college students what they think about the drinking age or you ask a group of your existing customers what they think about your product rather than people who cancelled their subscription. He said, literally, I sh*t you not, “well, my report was due and I didn’t have much time. made up definition: 1. wearing make-up: 2. Statistics show that of those who contract the habit of eating, very few survive. 23% of all costs are inefficient. The problem got worse as the data flowed out to the “bulge bracket” investment banks. I called another agency. It was originally COBOL and DB2 — so what? The stats are often quoted from the latest reports. It looks like there hasn't been any additional information added to this quote yet. of a thousand lives. — Anonymous. Please enjoy these quotes about Statistics from my collection of quotes and sayings. — Anonymous. Statistics can be made to prove anything - even the truth. Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. How Much Should You Raise in Your VC Round? Famous Quotes about Statistics To call in the statistician after the experiment is done may be no more than asking him to perform a post-mortem examination: he may be … "I haven't brought my fangs our for some time. There are two ways of lying. Welcome to my page of quotations about statistics. In data analysis you want to look for “primary” research, which means the person who initially gathered the data. They are more like witty, stand-up one-liners but I enjoyed them a lot. Votes: 2. See no evil, Hear no evil, Speak no evil. How to Talk About Valuation When a VC Asks, Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…. I grilled the analyst a bit. I was the only one whose Japanese was limited to just a sushi menu. Data Quotes: The Future of Data. Errors using inadequate data Obviously try to derive data that is as accurate as possible. You pick out the answers that support your findings and leave out the ones that don’t support it from your report. — Edward R. Tufte. It’s important to quantify the value of your product or service. I told this story to every consultant I knew at the time. I use it as one source of figuring out my version of the truth. Statistics show that the people who have the most live the longest. how big was it? I was in the midst of sizing the mobile handset markets in 3 regions: US, Europe and Asia. 13% of GDP is construction — the largest industry. Miguel de Cervantes, I started my life as a consultant. I say it deadpanned. And as they say about economists and weathermen — they’re the only two jobs you can keep while being wrong nearly 100% of the time ;-). My boss told me to look at the growth rate average over the past 3 years an increase it by 2% because mobile penetration is increasing.” There you go. Samuel Langhorne Clemens, Unsourced. Don't worry, your email address will not be published. Nielsen just released the number last month.”. The stats are often quoted from the latest reports. ~Paul Brodeur, Outrageous Misconduct Facts are stubborn things, but statistics are more pliable. Discover and share Made Up Quotes. Here are some examples: - You ask a small sample set so that data isn’t statistically significant. 0.8 hours are spent every day by workers searching for documents. - Laurence J. Peter Related topics: Cute Whimsey Cynical There are three types of lies- lies, damn lies, and statistics. So, where is this all coming from, Mark? - and the important thing about data for me … I ingest it religiously. People then parrot them around like they’re fact when most of them are complete bullsh*t. People throw them around at cocktail parties. Statistics are no substitute A man who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by … Larry Lorenzoni Cognitive psychology tells us that the unaided human mind is vulnerable to many fallacies and illusions because of its reliance on its memory for vivid anecdotes rather than systematic statistics. Best 50 Short Motivational Quotes from the World of Sports – Win! “Torture the data, and it will confess to anything.” – Ronald Coase 6. Quotation #123981 About This Quote. Every investment banker I know is “number 1” in something. but statistics are more pliable. It’s taking flawed data and making it more extreme. But these people went to slightly better schools (Harvard, Stanford, Wharton, University of Chicago) and got slightly better grades. - Laurence J. Peter. And then I triangulate. It can happen. Statistics Quotes and Sayings Quotes about Statistics. As long ago as 1889, Carroll D. Wright (a prominent statistician) said, “The old saying is that ‘figures will not lie,’ but a new saying is ‘liars will figure’.”. Using quotes & statistics in infographics is the mortar that makes the information solid. They, too, were staffed with super smart twenty somethings. Unless it’s a major publication there’s no time to fact check data in a report. Lee, Peter M. (2017) "Lies, Damned Lies and Statistics" at the support material of the academic web pages of the late Prof Lee, which authoritatively and thoroughly review—including through use of extensive quotations and references—the subject and evidence touched upon in this article. from his novel “Don Quixote”. How is it skewed? In order to pass the CAPTCHA please enable JavaScript, (1547 – 1616; Spanish novelist, poet and playwright), (1835 – 1910, American author and humourist), (1842 – 1910, American philosopher and psychologist), Collage of Shutterstock images; Foreground: Mettus, Background: kentoh, 50 Inspiring & Thoughtprovoking Worry & Anxiety Quotes, Grief & Loss – 50 Remarkable Quotes for Comfort, Peace & Relief. Never forget the three powerful resources They can bring people together or tear them apart. That's very rude," Myrnin said. OK, yes. Re: Famous historical quotes that are made up #15 by NamelessFaceless » Apr 17, 2012 4:02 pm There's a sucker born every minute is usually attributed to PT Barnum, but it was actually said by one of his competitors, David Hanuum, regarding the Cardiff Giant hoax . - Benjamin Disraeli There are no facts, only interpretations. I wish it ended there. “I’m shocked, shocked to find that gambling is going on here.” We all know it happens. This collection of statistics quotes tries to show the opposite and make the point that statistics are connected to science. For instance did you know that 7% of all quoted statistics are made up on the spot? made-up quotes,made-up, keyword, keywords. William James, Statistics show The headlines in the media are filled with that latest stats. They just define their category tightly enough that they win it. ... Americans pay up to 1,000 percent more to fill their prescriptions than consumers in other countries - that is an alarming statistic. we use to analyse them. What are you on about? There are two kinds of statistics, the kind you look up and the kind you make up. How Many Investors Should You Talk to in a VC Fund Raise? Henry Clay, Sr. - Japanese pictorial maxim (the Three Wise Monkeys) Please sign-up for my Free Inspirational Daily Email on the form below. That doesn’t happen? Often I’ll get some people look at me like, “really?” “It’s true. It’s strange to me to think that customers with years of experience would ever listen to twenty-something smarties from great MBA’s who have never worked in your industry before — but that’s a different story. It is very common for firms (from small ones to prestigious ones) to take data and use it conveniently to make the point that that want to make. As scientific as that. Statistics aren’t evil. I got the analyst who wrote one of the reports on the phone and asked how he got his projections. than a single life, for judgement. Words can uphold the truth or nurture a lie. 63 of all statistics are made up… including this one — “Dilbert” quotes and phrases -- Steven Wright "Five out of four people have trouble with fractions." Fortunately I was mostly a technology consultant, which meant that I coded computers, designed databases and planned system integration projects. Related Topics: More Math Jokes, Math Quotes and Games Statistics "42.7% of all statistics are made up on the spot." In 1999 I was in Japan doing a strategy project for the board of directors of Sony. ~Author Unknown Lottery: A tax on people who are bad at math. And be careful that you don’t spin the numbers for so long and so hard that you can’t separate out marketing estimates from reality. “With data collection, ‘the sooner the better’ is always the best answer.” – Marissa Mayer 7. I completed two years of upper-division stat courses at university, and — even though I doubt it was the professor's intent — the most lasting thing I learned was exactly what they say, that you can make numbers say anything. 40 Best Boredom Quotes – Words of Great Wisdom, 23 Life Insurance Quotes – Witty and Meaningful, 50 of the Best Quotes to Learn a Foreign Language, Truly Powerful Dr. Seuss Quotes That May Change Your Life, Thinking Quotes to Inspire & Help Think Outside the Box, 25 Powerful Statistics Quotes with the Flavour of Science, First Step & Keep Going – 30 Great Motivational Quotes, Top 30 Quotes about the Best Use of Your Time, Best Confucius Quotes to Encourage You to Change, Powerful Quotes about Success and Achievement by Strong Women, Great & Truly Meaningful Quotes for Philosophical Thinking, Top 30 Poker Quotes by Great Players & Winners, Conversion Rate Optimization – Strategic Advisory Quotes, Provocative and Controversial Insurance Quotes, Business Quotes – Motivational Words to Thrive Your Business, Top 50 Money Jokes – Short Quick One-Liners, 50 Great Motivational Quotes about Baseball to Inspire You, Best 50 Winning and Success Quotes by Football Players and Coaches, The Best 50 Quotes by Basketball Players & Coaches, 25 Passionate Quotes from the Major League Baseball.
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