= v "~ y il ,'.vwmw’f“mmkhmmn%mw L AL R MR RN ot ot SRR BN W e PYRL 105 WONt) v AT 1 20 o VAT AR g e 994 140 o o SR T s GERARRI 1 41l P e RER 1 W ":!‘N"" " " " " PRI i " " R W Al LT R TR AL . 3 b . TIPSR o 142 THE FASCINATION OF NUMBERS In modern life, statistics are at the very heart of most of our institutions. Everything is reduced to an average. The cost of living index is based upon an average person’s prob- able expenditure; polls of opinion are recorded from a selected representative cross-section of the public; and cricketers, to mention just one example, have tables com- piled showing their average number of runs per innings. In these, and in many other ways, numbers are accumu- lated and treated (and often maltreated) in a number of different ways. Their value lies primarily in showing trends or in providing comparisons rather than in demonstrating anything of a fixed nature, and also depends largely upon the representative nature of the bases upon which they are calculated. For example, a cricketer’s average may be shown as 34-5 runs per innings even though it is quite impos- sible to score ‘5 of a run in any circumstances. This average may, however, be compared with his averages at other times and also with the averages of other players, and so provides useful comparisons. All statistics have their inherent faults and must be treated severely on their merits. A consensus opinion poll, carried out among a thousand individuals, is no reliable guide to the opinion of a nation, no matter how apparently representative is the selection of the individuals questioned. And again, the average person, upon whose estimated expenditure so many statistics depend, just does not exist. Nevertheless these details do, when considered in the proper manner, give clues to trends in income and expenditure which are of immense value to the economist. Once the statistics are accumulated, emphasis then rests upon the correct presentation and understanding of them. The cynic will tell you that figures will prove anything, and it is true that although there may be only one set of figures, they can be so presented in different ways as to purport to show quite different trends, in the same way as photographs of the same room, taken from different angles, appear to reproduce different rooms.