Whether looking at the height of Mount Everest or at the rules of origin that will be renegotiated during the NAFTA talks, we have a statistical accuracy problem.
How Wrong Are BLS Jobs Numbers?
China and Nepal used to disagree about the height of Mount Everest. Nepal counted the snow caps while China just included the rock height. Consequently, Nepal said the peak was 4 meters higher than China. Then, in 2010, China said okay, the…
