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Showing posts with the label Statistics

Guns, Violence, and Statistics

Many people jump up and down whenever the topic of guns, gun violence, or gun control is brought up. Personally, I have to believe that our Founding Father’s believe that a well armed population is the best counter balance to a corrupt government. For as Thomas Jefferson once stated, “When the people fear their government, there is tyranny; when the government fears the people, there is liberty.” In actuality, when people think of the causes of the American War for Independence, they think of slogans like “no taxation without representation” or a cause célèbre like the Boston Tea Party. In reality, what finally forced the colonials into a shooting war with the British Army in April 1775 was not taxes or even warrant-less searches of homes and their occupation by soldiers, but one of many attempts by the British to disarm Americans as part of an overall gun control program, which included seizure of firearms and powered. So, for this very reason it is understandable why the Founding...

The Moldy Middle

While taking statistics during my quest to get an MBA and while earning my engineering degree, the professors always emphasized the importance of finding the statistical mean of any population by using the Central Mean Theorem (a.k.a the highest point of the Bell Curve). As an engineer, this was essential in order to maximize throughput, minimize cost and waste, and ultimately make a better, faster, cheaper widget. A funny thing happened on the way to the dark side of marketing. I discovered that the only thing in the middle of the road was quite literally dead road kill. I do not know if you remember stores like Bradlees, Ames and Service Merchandise (just to name a few), but they all folded because the environment changed and they were caught trying to service the mythological “average customer.” Part of that change came when Wal-Mart began its juggernaut with the discount department store. Wal-Mart did two things right: 1) Focused on “mobile” consumers, and 2) Fo...