Obviously Lying with Statistics
Advert on CNBC from a company helping to reduce business debt:
Text 1: 4 Businesses Fail Every Minute.
Text 2: 40,000 Businesses Fail Every Month.
What's wrong with this, you ask?
60 minutes in an hour * 24 hours in a day * 30 days in a month = 43,200 minutes/month
So if the first were true, that would be ca. 173K failures a month.
Given that their mathematical skills are that bad, why would anyone use the firm for debt relief?
Text 1: 4 Businesses Fail Every Minute.
Text 2: 40,000 Businesses Fail Every Month.
What's wrong with this, you ask?
60 minutes in an hour * 24 hours in a day * 30 days in a month = 43,200 minutes/month
So if the first were true, that would be ca. 173K failures a month.
Given that their mathematical skills are that bad, why would anyone use the firm for debt relief?
posted by Ken Houghton at 11:51
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