Amazing Stat: People that buy more gasoline tend to drive bigger cars.

By
Real Estate Broker/Owner with Richard Weisser Realty

FlamingosStatistics are interesting. But the interpretation of statistics, much like the benchmark for beauty, is in the eye of the beholder.

For example. did you know that nearly half of the population of the United States of America is below the average level of intelligence of that country?

I once cited that "amazing" statistic to a colleague who promptly blamed it on the administration and the decline of education over the last few years.

Politicians often use statistics to further their causes. But if one takes the time to carefully examine these "facts of certainty" one can often ascertain that there is much more doubt than there is proof in the pudding.

For example, if you heard that one-third of the citizens living in a country lived at or below the poverty level you might be dismayed. However, if the definition of "poverty level " was the highest average income of the bottom one third of the same citizens then there is no meaning that can be extracted from the fact of certainty.

Its simply saying the same thing two different ways.

If one chooses to use statistics as a means of persuasion, one should ensure that some meaning can be extrapolated from the presentation.

Otherwise it's just more white noise in the background.

 

 

 

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Rainmaker
631,662
Vern Eaton
Askov, MN
Realtor 651-674-7449

I di't put much stock in stats or in polls.  Especially if politics are involved!

Oct 01, 2015 12:56 AM #12
Ambassador
3,674,552
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Richard, statistic abuse drives me crazy, especially in the context of electoral politics - at every level!

Oct 09, 2015 12:22 PM #13
Rainmaker
381,944
Bruce Brockmeier
Internet Marketing Consultant to REALTORS® - Yorba Linda, CA
Coached By Crouch

"Baseball is 90 percent mental and the other half is physical."  

- the late, great Yogi Berra

Oct 09, 2015 12:23 PM #14
Rainer
144,903
Andrzej Niemyjski
Realty One Group - Sun City West, AZ

Stats could be twisted anyway you want to your advantage.

Oct 09, 2015 12:33 PM #15
Rainmaker
2,741,823
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

You really do need to make money to spend on certain levels. This shouldn't surprise anyone really.

Oct 09, 2015 04:03 PM #16
Rainmaker
2,741,823
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Stats are designed to prove our particular point rather than find truth really.

Oct 09, 2015 04:04 PM #17
Rainer
507,109
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

I laugh at some the figures and stats quoted all the time: Like;

People that buy more gasoline tend to drive bigger cars. 

Oct 09, 2015 09:04 PM #18
Rainmaker
3,778,067
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Richard Weisser,

Great article and I love how you call it out because statistics can be interrupted so many ways. As  comments "a good spin doctor can certainly make stats look different than they really are."

Oct 09, 2015 09:54 PM #19
Rainer
406,684
Raul Rodriguez
Covenant Partners Realty - San Antonio, TX
Looking out for the client's interest and not my p

Statistics reminds me of an old saying...figures don't lie, but liars figure. 

Oct 09, 2015 10:14 PM #20
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Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Richard, Every day we're given a chance to exercise some critical thinking.  And every month when I do market reports I have the choice of "50% drop in home sales compared to last month" or "September Year To Year comparisons flat".  Both are true, one causes panic, the other sets a realistic expectation for this time of year.

Oct 09, 2015 11:09 PM #21
Rainer
183,107
Judith Sinnard
SMARTePLANS; Houston, Texas - Houston, TX
The SMARTePLAN Lady

Is that why every little town, village and  hamlet boasts the "Top Real Estate Agent in the Country"? ... I've never been able to figure that one out.

Oct 09, 2015 11:36 PM #22
Ambassador
1,629,683
Alan May
Coldwell Banker Residential - Evanston, IL
Helping you find your way home.

 87% of statistics that you read on the internet are totally made up.

--- Abraham Lincoln

Oct 09, 2015 11:41 PM #23
Rainmaker
260,498
Connie Goodrich
Keller Williams Realty - McKinney, TX
CRS ABR (McKinney Realtor)Texas

Worksmithing is an art and can be used to support a stance, take the brunt off of a wrong or simply shed new light on the topic.  It's all in how you present, spin and defend.  Nice post Richard!

Oct 09, 2015 11:49 PM #24
Rainmaker
285,373
Shirley Coomer
Keller Williams Realty Sonoran Living - Phoenix, AZ
Realtor, Keller Williams Realty, Phoenix Az

Good post.  Statistics in Real Estate are always interesting.  Take the "median" home price and "average" home price, there is a difference but most people don't know what it is.  Then there are statistics by county or city, which may vary by zip code.  Statistics definitely give the user an opportunity to use correct information but present it with the angle which best benefits the presenter!

Oct 10, 2015 12:30 AM #25
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4,298,642
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Richard Weisser we all know how to skew statistics - and use it to our best advantage!

Someone is #1 in specific area because he/she sold the only home sold in last 3 years!

I guess, it's a human nature to prove the facts by misguiding general population - and at times, use some stats that has no meaning at all, like the title in your post.

Oct 10, 2015 02:00 AM #26
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3,802,565
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Richard- this is so true.  Numbers-stats are real, but you have to look at who's doing the interpreting. 

Oct 10, 2015 02:30 AM #27
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1,726,157
Richard Weisser
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional

Oh wow I wrote this a while back and was surprised to see it featured. But I stand by it 100%!

Oct 10, 2015 02:31 AM #28
Rainmaker
1,016,421
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

So many of the statistics out there are manipulated to sway people in specific directions.  Especially the ones provided by the government or special interest groups. 

Oct 10, 2015 09:23 AM #29
Rainmaker
1,317,476
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Hmm -- it is interesting to see how folks can manipulate and spin statistics for their own ends.

Oct 10, 2015 12:53 PM #30
Rainmaker
1,675,919
Winston Heverly
Winston Realty, Inc. - Atlantis, FL
GRI, ABR, SFR, CDPE, CIAS, PA

Hi, I enjoyed your post and it's current message. Glad I came across it the archives.

Oct 07, 2016 10:45 PM #31
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