Lies, damned lies and statistics

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Presentation transcript:

Lies, damned lies and statistics (The truth is out there)

Questions to ask: is the conclusion – having four dozen husbands – valid? would this type of conclusion be convincing?

Question: in what ways is this scenario different? more believable than having multiple husbands but is it any more valid? what else might we need to know? more data showing trend over previous years

Statistics from advertisement for Life-Time Financial Advisers Questions to ask: in 2012 which investment option gave the highest return? [Dark blue] is this a high or low risk investment option? [High] why? which investment option would you go for and why?