Summary Statistics Tell You Little About the Big Picture

Mean, median, and mode. These are the first things you learn about in your introductory statistics course. It’s often all you hear about when you see data in the news. People form policies for populations, based on the generalized numbers.

However, these summary statistics can only tell you so much about a dataset, which means you can only learn a limited amount about what the data represents — the people, places, and things.

If you’re the one who consumes the data, you should wonder what the means and medians actually represent. If you’re the one who analyzes the data, spend time with the most granular that time and resources allow for. Something more interesting will almost always come out of it.

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When Americans Reach $100k in Savings

It was reported that 1 in 6 millennials have at least $100,000 saved. Is this right? It seems high. I looked at the data to find out and then at all of the age groups.

Data, R, and a 3-D Printer

We almost always look at data through a screen. It’s quick and good for exploration. So is there value in making data physical? I played around with a 3-D printer to find out.

All the Household Types in the U.S.

No need to restrict ourselves to the most common types. There are thousands. Let’s look at all of them.

When You Will Die

With absolute certainty, you will die. When will it happen? That is a trickier question. But we can run simulations to explore the possibilities.