>> found that 62% of respondents reported no or limited statistical knowledge The other 38% didn't understand the question...(my extrapolation) I did a couple semesters of statistics at uni. And I can confidently say that the number of people who can answer 3 simple questions on statistics (like say mean versus medians, confidence levels or margins of error) is, well, a rounding error from 0. Indeed, statistically, n…
Exactly. 38% is way too high. Are we sure about that? Statistics is not some required learning in school. Even those who learned (me for example) cannot confidently claim what it actually means. I would say most of the people don't have a clue what statistics mean
There's a reason actuaries get paid the big bucks.