Book: The Flaw of Averages

Posted by: Max Dunn on November 1, 2010 08:00:15

Would you try to walk across a river that has an average depth of 3 feet? The picture below shows why not! So why do we try to compress data analysis into a single average number? The Flaw of Averages argues quite well that we should be more concerned with the "shape" of the data rather than a single average number.

River average depth

Created on November 1, 2010 08:08:44 by Max Dunn (69.226.231.112)