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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 Talk Back to a Statistic

These are the five questions you should ask any time you hear a stat to help you, hopefully, get closer to the truth of the matter. The first question is, who says so? And so what he says about this is that the first thing look for his bias. It's probably much more about the the size of the investment, right? I it would cost nothing. If it costs nothing, then it would probably be worth doing, right? Right? But, you know, did i get 200 thousand dollars worth of value from carnegie? Melon? Like, no. Probably not even ten %, right? Especially when you consider the amount of time you spent on it too

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