Lecture Notes — Lecture 28: Summaries That Don't Mislead

Companion to the lecture plan and the worked examples. Read the Definitions before class, the Explanation after it; the practice questions and the lecture quiz close the loop.

Definitions

Explanation

A summary is an argument, and it can mislead without one false digit. Mean versus median: the mean answers 'total cost per person', the median answers 'the middle experience' - and in skewed data (salaries, waiting times) they diverge enormously. The gap itself is the skew alarm; report both or report the median. Percentages carry two units that get swapped in the wild: percentage points (10% to 8% is -2 points) versus relative change (which is -20%). Compounded changes multiply on shifting bases: up 20% then down 20% lands at 96, not 100. The honest summary bundles the number with its denominator, its n, and the alternative summary that would tell a different story. The discipline: before trusting any chart, ask what would make this look better - then look for that choice in the fine print.

Examples

The lecture's worked examples live in examples.md; the case studies this lecture builds on are worked in class from the projector. The case sequence with difficulties:

Common misconceptions

Summary and key takeaways

  1. Mean answers 'total per person'; median answers 'the middle experience' - report both under skew.
  2. The mean-median gap is the skew alarm; the tail fraction is the experience of the unlucky.
  3. Percentage points and percent are different units; name the base every time.
  4. Compounding multiplies on shifting bases - +20% then -20% is a 4% loss.
  5. An honest summary names its denominator, its n, and the choice it depends on.

Practice questions

Where this leads

Next lecture: Simulation as a Way of Knowing. The quiz below checks this lecture's essentials before we build on them.