Posts Tagged ‘spreadsheets’

Use statistics appropriately

Thursday, October 27th, 2011

An appreciation of basic statistics is also crucial to accurate communications. This topic is under-emphasized in our schools compared to its importance in everyday communications. Presenting relative and absolute measures makes a big difference in communicating information credibly. For a pragmatic treatment of this topic, see How To Measure Anything by Douglas Hubbard. Most numeric measures take on two forms: an absolute value (a quantity of something) or a relative value (a measure of one quantity relative to another quantity). Relative values, usually presented as percentages, are commonly used to express two things: (more…)