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I'm an English major, you do the math...no!

Posted by Rona Fischman November 19, 2007 05:01 PM

Those of you who have followed this blog since its beginning know that my father taught me how to understand the use of numbers found in newspaper articles.

In the Sunday Boston Globe, Trey Skehan explained the use (and misuse) of averages, medians and means in discussions of income.

Thank you, Trey Skehan explaining to readers how numbers lie when readers don't know how to read them.
Readers, beware of numbers and people who sling them. Read an article completely before drawing a conclusion. Understand the use of statistics.

If we are going to discuss the economy on this blog, IMHO we should be talking about economic illiteracy, jobs and income, as well as housing prices. Those who don't understand the meaning of the numbers can be easily manipulated. Not only can economists and journalists confuse people with numbers, so can crooked mortgage originators, real estate agents, and companies who give credit cards to young (and not so young) adults.

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.
Rona Fischman is a buyer's agent who provides a look at the local housing scene, from basements to attics.
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