Tyranny of averages
id:
tyranny-of-averages-281-7669883
title:
Tyranny of averages
text:
The tyranny of averages is a phrase used in applied statistics to describe the often overlooked fact that the mean does not provide any information about the shape of the probability distribution of a data set or skewness, and that decisions or analysis based on only the mean—as opposed to median and standard deviation—may be faulty. A UN Development Program press release discusses a real-world example:
brand slug:
wiki
category slug:
encyclopedia
description:
Concept in applied statistics
original url:
https://en.wikipedia.org/wiki/Tyranny_of_averages
date created:
date modified:
2022-02-05T16:01:33Z
main entity:
{"identifier":"Q7861443","url":"https://www.wikidata.org/entity/Q7861443"}
image:
fields total:
13
integrity:
14