Quote by DARREL HUFF - Deepstash
DARREL HUFF

Only when there is a substantial number of trials involved is the law of averages a useful description or prediction

DARREL HUFF

20

142 reads

CURATED FROM

IDEAS CURATED BY

botlhaleklassen

welcome 🤗, sharing my obsession with non-fiction books about marketing, business, productivity, relationships and spirituality🤍

Let's explore how marketers lie using statistics (👀 and how you can too)

Similar ideas

The Law of Singularity

In each situation, only one move will produce substantial results.

The only thing that works in marketing is a single, bold stroke, not the sum total of a lot of small efforts.

In marketing, there is only one place where a competitor is vulnerable. And that place sh...

The Need For Fashion Forecasting

The main purpose of the fashion and trend forecasting industry is to provide a desirable product that appeals to the customer's needs on time.

The fashion market only exists when a substantial number of customers buy the products.

Method 3: Missing Figures

Method 3: Missing Figures

  1. Not including the number of trials the experiment / research took - given a small enough number of cases, random 'by chance' occurrences can happen.
  2. Leaving out the Degree of Significance - the demanded level is 1% which means there are 99 chances ou...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates