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Re:Startup company failure rates are grossly misleading by algorias on Monday May 24, 2010 @12:30PM (#1374995)
50% would be wrong if you said above-median driver.
Re:Startup company failure rates are grossly misleading by amalcon on Monday May 24, 2010 @03:43PM (#1375501)
Median is better than mean as a metric for "average goodness of driver". To take a median, you only need a strict ordering; to take a mean, you need to quantify. Any reasonable method of quantifying how good a driver someone is will be heavily influenced by environmental factors. The worst driver on an infinite, featureless plane would be involved in fewer accidents than the best driver in, say, New York.
Re:Startup company failure rates are grossly misleading by jcl on Monday May 24, 2010 @02:37PM (#1375351)
Still, it could be even higher than 50% wrong, since sometimes the most capable people underrate their ability: http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
Re:Startup company failure rates are grossly misleading by nostrademons on Monday May 24, 2010 @02:20PM (#1375309)
Yeah, if you take average=mean, then well over 50% of drivers are above average.