Tyranny of Averages

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Bol Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The tyranny of averages is a phrase used to describe the often overlooked fact that the mean does not provide any information about the distribution of a data set or skewness, and that decisions or analysis based on this value-as opposed to median and standard deviation-may be faulty. This "tyranny of averages" to which the report refers tends to mask the stark contrast between the Asia-Pacific LDCs' sluggish economies and the success of their far more populous neighbours.

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The tyranny of averages is a phrase used to describe the often overlooked fact that the mean does not provide any information about the distribution of a data set or skewness, and that decisions or analysis based on this value-as opposed to median and standard deviation-may be faulty. This "tyranny of averages" to which the report refers tends to mask the stark contrast between the Asia-Pacific LDCs' sluggish economies and the success of their far more populous neighbours.


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  • 9786130335199
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