73.6% of all Statistics are Made Up
Both Sides of the Table
FEBRUARY 14, 2010
Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. Or as Mark Twain popularized the quote most attributed to the Prime Minister of England, Benjamin Disraeli, “there are three kinds of lies: lies, damn lies and statistics. The quote is meant to highlight the deceiving but persuasive power of numbers. Here are some examples: - You ask a small sample set so that data isn’t statistically significant.