The flaw of averages

Is the average value always really the best one?

An interesting piece on why taking only a single average number is not always the best approach. Based on Sam Savage’s book The Flaw of Averages.

As the drowning statistician who thought the lake lake is three feet deep on average had to find out the hard way…

You can read the piece here: http://www.analycorp.com/uncertainty/flawarticle.htm