Now, how did the un-named “experts” in the article come to this sweeping generalization about the approximate one billion banknotes in Spain? They sampled 100 bills. 100 out of a billion. That's 0.00001% .
Further, they sampled 20 bills from each of 5 cities. The cities and their populations are:
Barcelona 1,600,000
Bilbao 350,000
Madrid 3,000,000
Valencia 735,000
Seville 695,000
________
Total: 6,380,000
That’s 6,380,000 out of a population of 40,000,000. 16%. They sampled 0.00001% of the banknotes in the country focusing on 5 urban centers which comprise 16% of the population, not taking into account any of the rural communities. And somehow that is considered hard research worthy of international headlines.
Granted, I’m no statistician. And perhaps the nuances of the science escape me. But that sounds like a lot of bullshit to me.
1 comment:
Sounds like a lot of cocaine too!
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