I sat down and collected all of our eleven sales for the…
“I sat down and collected all of our eleven sales for the past six months and I added them all together and divided by eleven. I then took that average and presented it as the average price for a Manhattan apartment. The media ate it up.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
She manipulated data by averaging a small sample to create a sensational story that the media readily accepted.
In simple terms: She used a limited data set to claim a broader market trend.
Key Takeaway
Beware of oversimplified statistics.
Themes
media
statistics
manipulation
Mood
skeptical
critical
Type
cautionary
analytical
When to use this quote
- real estate analysis
- marketing pitches
- news reporting
- investment decisions
Key Concepts
confirmation bias
sample size fallacy
Questions to Reflect On
- How reliable is a single average for market pricing?
- What other data would give a fuller picture?
A Different Perspective
The claim ignores variability and may mislead investors.