Precision Is Not Accuracy: How Much to Trust a Calculated Number
Software supplies unlimited precision at no cost, which makes it very easy to produce a figure that is exact and wrong.
Short, practical pieces about the arithmetic behind the tools — the conversion errors that cost money, the statistics that mislead, and how much to trust a calculated number.
Software supplies unlimited precision at no cost, which makes it very easy to produce a figure that is exact and wrong.
There is no technical reason for a mortgage calculator to send your salary anywhere. Disconnect the internet and check.
From the 1st to the 8th is seven days apart and spans eight. Nearly every date argument starts there.
A price is not revenue. Between the two sit fees most spreadsheets either omit or model the wrong way round.
Never average a set of ratios. Recover the numerators, recover the denominators, add each, divide once.
BMI was designed in the 1830s to describe populations. The ideal-weight formulas were built for drug dosing. Neither was meant for you.
Forty-six hours on site and 43.25 paid is a six per cent gap that never appears on a payslip. Here is where it goes.
Human intuition about repeated multiplication is wrong by orders of magnitude, consistently and in the same direction.
Almost every misleading percentage has the same defect: a ratio detached from its denominator. Four ways it goes wrong.
A cubic yard is 27 cubic feet, not 9. Four conversion errors that produce plausible-looking numbers and expensive mistakes.