100% (1)
Pages:
1 pages/≈275 words
Sources:
1
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.68
Topic:

There are Three Kinds of Lies: Lies, Damned Lies, and Statistics

Essay Instructions:

Mark Twain popularized the phrase, “There are three kinds of lies: Lies, damned lies, and statistics.” What do you think this phrase means? Share your thoughts with your classmates in Yellowdig. Give your post a hashtag (e.g., #statslies).

Which outside resource (image, video, article) is a good example of when statistics are interpreted incorrectly—either intentionally or unintentionally? Share the link within your post. How might the average person recognize they are being led astray?

What about this week’s content is relevant to your own professional or academic career?

Essay Sample Content Preview:

7864 Week 8 Discussion
Student’s Name
College/University
Course
Professor’s Name
Due Date
#StatsLies
Mark Twain’s famous saying, “There are three kinds of lies: Lies, damned lies, and statistics,” demonstrates the skepticism surrounding statistical data interpretation. Naturally, statistics are prone to manipulation and misinterpretation to support a specific agenda or narrative. The phrase stresses the need to think cautiously and critically when approaching statistics. The article “Identifying ethical considerations for Machine Learning Healthcare Applications” is an exemplary instance of wrong unintentional interpretation of statistics. Although the article discusses statistics misinterpretation in the context of healthcare, its principles apply to accounting and finance fields. It discusses the integral role of statistics in assessing the ethical effects of machine learning healthcare applications (ML-HCAs). It highlights the fairness concerns, possible biases, and unintended implications concerning ML-HCAs (Char et al., 2020). However, it is essential to note that statistics in this context are prone to misinterpretation, whether intentionally or unintentionally.
The article stands out in its example of possible misinterpretation of statistics to assert the sup...
Updated on
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Sign In
Not register? Register Now!