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53: The Devil is in The Data: How to Lie with Statistics by Darrell Huff

Made You Think

CHAPTER

How to Calculate the Average, Right?

When you hear average, right, you have to prick your ears up a little bit and say, well, what exactly is or how are they calculating the average? Because it can mean very different things. For start ups, that's why i like, especially outside the first 12 months of their business, i always ask the year to date revenue, or like the revenue you've had up to now as opposed to your monthly revenue. Ause, it's very choppy right at that stagee, cause it could be, like, you might have a great month. You might get forty k, 50 k in that given month,. The next month you might get ten. It doesn't

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