Searching For an Accurate Statistic

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…

Everest Economics

Having no inclination to climb Mount Everest, I have always been fascinated by its economic connection. Now, hearing that Prince Harry was considering the ascent as a part of his “Walking for the Wounded,” it reminded me that Everest is…

Real Statistics

How high is Mount Everest? No one really knows. China says 29,017 feet, Nepal, 29,028, and the National Geographic Society, 29,035. We don’t even agree about sea level. The U.S. uses the St. Lawrence River in Quebec. But the U.K…