Global Information Lookup Global Information

Tyranny of averages information


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:[1]

A new report launched 1 July [2005] warns that in Asia and the Pacific, the rising prosperity and fast growth in populous countries like China and India is hiding widespread extreme poverty in the Least Developed Countries (LDCs). The result is potentially very debilitating to development efforts in the 14 Asia-Pacific LDCs. 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.

  1. ^ Tyranny of averages challenging Afghan development progress

and 24 Related for: Tyranny of averages information

Request time (Page generated in 0.8648 seconds.)

Tyranny of averages

Last Update:

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...

Word Count : 189

List of statistics articles

Last Update:

test Two-way analysis of variance Type I and type II errors Type-1 Gumbel distribution Type-2 Gumbel distribution Tyranny of averages u-chart U-quadratic...

Word Count : 8280

Autocracy

Last Update:

as a form of tyrannical rule, as revolutionaries justified their actions as a means of combatting tyranny. In Europe, the original forms of dictatorship...

Word Count : 5682

Plutocracy

Last Update:

real democracy; and of all forms of tyranny the least attractive and the most vulgar is the tyranny of mere wealth, the tyranny of a plutocracy. The Sherman...

Word Count : 2650

Tragedy of the commons

Last Update:

Tragedy of the anticommons – Type of resource coordination breakdown Tyranny of small decisions – Economic phenomenon, a situation in which a number of decisions...

Word Count : 15279

Julian Casablancas

Last Update:

frontman of experimental rock band the Voidz. The band has released two studio albums, Tyranny (2014) and Virtue (2018). The band represents an ambition of Casablancas...

Word Count : 5722

Economic growth

Last Update:

the first and the last year over a period of time. This growth rate represents the trend in the average level of GDP over the period, and ignores any fluctuations...

Word Count : 15679

George III

Last Update:

Declaration of Independence were presented as "repeated injuries and usurpations" that he had committed to establish an "absolute Tyranny" over the colonies...

Word Count : 10314

Walls of Jerusalem

Last Update:

decreed the construction of the wall he who has protected the home of Islam with his might and main and wiped out the tyranny of idols with his power and...

Word Count : 1504

Wisdom of the crowd

Last Update:

weeks later. The average of a participant's two guesses was more accurate than either individual guess. Furthermore, the averages of guesses made in the...

Word Count : 4340

Taxi medallion

Last Update:

Prices Are Plummeting, Josh Barro, The New York Times, 27 Nov. 2014 "The Tyranny of the Taxi Medallions". Priceonomics. April 10, 2013. Archived from the...

Word Count : 980

Zimbabwe

Last Update:

excerpt and text search. David Coltart. The struggle continues: 50 Years of Tyranny in Zimbabwe. Jacana Media (Pty) Ltd: South Africa, 2016. Zimbabwe at Wikipedia's...

Word Count : 19838

Law of triviality

Last Update:

syndrome Time management Tyranny of small decisions Zero-risk bias Parkinson, C. Northcote (1958). Parkinson's Law, or the Pursuit of Progress. John Murray...

Word Count : 1259

List of Dragon Ball episodes

Last Update:

once every six weeks on average. Oversees the entire process of the episode. Also credited to storyboard, a visual version of the script, for Toei Animation...

Word Count : 253

Wagner Group rebellion

Last Update:

Archived from the original on 30 June 2023. Retrieved 25 June 2023. "End of great tyranny begins now: Belarusian Regiment fighting in Ukraine". Archived from...

Word Count : 19212

Operation Overlord

Last Update:

will bring about the destruction of the German war machine, the elimination of Nazi tyranny over the oppressed peoples of Europe, and security for ourselves...

Word Count : 11956

Signs of the coming of Judgement Day

Last Update:

alive, are asked for what crime they were put to death, and when the records ˹of deeds˺ are laid open, and when the sky is stripped away, and when the Hellfire...

Word Count : 10382

John Stuart Mill

Last Update:

tyranny of political rulers". He introduced a number of different concepts of the form tyranny can take, referred to as social tyranny, and tyranny of...

Word Count : 12588

Caracalla

Last Update:

Caracalla's tyranny and that ascribed to king Louis XVI (r. 1774–1792). Modern works continue to portray Caracalla as an evil ruler, painting him as one of the...

Word Count : 7603

Alex Jones

Last Update:

We have only begun our fight against their tyranny. They have tried to steal this election in front of everyone." Jones also stated that "I don't know...

Word Count : 19154

IQ and the Wealth of Nations

Last Update:

For 104 of the 185 nations, no studies were available. In those cases, the authors have used an estimated value by taking averages of the IQs of neighboring...

Word Count : 2491

Dominican Republic

Last Update:

the most varied of all the Antilles. The annual average temperature is 25 °C (77 °F). At higher elevations the temperature averages 18 °C (64.4 °F) while...

Word Count : 24599

List

Last Update:

Secrets of Time Management. Hodder & Stoughton Religious. p. 224. ISBN 0-340-90912-9. Horton, Thomas. New York The CEO Paradox (1992) "Tyranny of the Urgent"...

Word Count : 2225

Dictatorship

Last Update:

concept of tyranny, and several ancient Greek rulers have been described as "tyrants" that are comparable to modern dictators. The concept of "dictator"...

Word Count : 9437

PDF Search Engine © AllGlobal.net