David Pakman

The mode is rarely the most relevant one for most of the things that we're looking at.

Mean is distorted by extremes.

I'll give you an example.

You put Mark Zuckerberg in a room with ten broke people.

The average net worth, if you look at the mean of each person in that room, is billions of dollars.

But we understand

that one person has all the money and 10 of them are broke.

The mean would tell you nothing about those 10 people's lives.

And in the same sense, what Fox News is doing really doesn't mean much pun not intended, because when they showed you the average price of oil under Trump and the average price of oil under Biden.

First of all, the price of oil has only recently spiked under Trump, so it's relatively fewer days and it is a day weighted mean.

Secondly, Biden's number looks worse because he inherited the American economy at a time where prices were globally high for oil because of covid.

So that affects Biden's numbers.

It doesn't really mean anything about policy.

If you step back, you have to really think to yourself and say, what policies did Trump put in place that would relate to the oil price?

And there are two there are tariffs.

And importantly, there is this optional war with Iran.

So Fox News is working really hard to deceive with with statistics.

Now, meanwhile, Trump knows this is so bad that he's gone back to posting about health care.

You know, it's bad.

When Trump is posting about a health care plan, he still doesn't even have.