Tell me there is nothing broken within the American economic system

[dbphoenix]

Please go back to punting your one ES lot . You clearly have no idea what you are talking about.

Which doesn't address the question: If only two respondents out a hundred participate, what level of confidence can one have in the result?

If you don't know the answer, it's easy enough to google. Or perhaps someone who took a somewhat more rigorous course in statistics would be willing to help you.

 

[volpunter]

I already told you that what you are talking about (essentially from the first post you injected yourself into this thread) is utter nonsense. You already made a lot of stupid comments given you were not even aware of the actual sample size of the survey. And don't worry I undertook a Masters program at the top school in computational finance , statistics, and mathematical finance. (The ranking is global and my school ranked for many years number 1 and the survey was also statistically significant) . my last comment to you though to debunk a myth you seem to be tricked by: the ratio of respondents to people presented with the questionaire is totally useless. What matters is the number of respondents to population size and the confidence level. The survey has not even stated any confidence level hence I am still confused why you keep on attacking the survey without sufficient information at hand.

By the way...I think the whole idea was meant to raise peoples' awareness rather than trying to be accurate to the dot with a prediction. But that also got lost on you.

Take it or leave it or shuff it up your arse if you get so off on This. Your choice entirely.

Which doesn't address the question: If only two respondents out a hundred participate, what level of confidence can one have in the result?

If you don't know the answer, it's easy enough to google. Or perhaps someone who took a somewhat more rigorous course in statistics would be willing to help you.

 

[dbphoenix]

I already told you that what you are talking about (essentially from the first post you injected yourself into this thread) is utter nonsense. You already made a lot of stupid comments given you were not even aware of the actual sample size of the survey. And don't worry I undertook a Masters program at the top school in computational finance , statistics, and mathematical finance. (The ranking is global and my school ranked for many years number 1 and the survey was also statistically significant) . my last comment to you though to debunk a myth you seem to be tricked by: the ratio of respondents to people presented with the questionaire is totally useless. What matters is the number of respondents to population size and the confidence level. The survey has not even stated any confidence level hence I am still confused why you keep on attacking the survey without sufficient information at hand.

By the way...I think the whole idea was meant to raise peoples' awareness rather than trying to be accurate to the dot with a prediction. But that also got lost on you.

Take it or leave it or shuff it up your arse if you get so off on This. Your choice entirely.

You are correct that what matters is the number of respondents to the population size and the confidence level. However, you don't know the size of the population (which is detailed in the study). Therefore the number of respondents is irrelevant. The confidence level can't even be calculated.

And if the whole idea was to raise peoples' awareness, all it accomplishes is to make unfounded assertions. One could just as well ask these questions of one's neighbor and extrapolate his responses to the population as a whole.

Incidentally, it also matters whether the survey was conducted by phone, by mail, door-to-door, online, etc.

As for the Jews, that wasn't addressed in the study.

 

[zdreg]

omg, so you debunk the survey on the basis of what?

Its a Fed survey for heaven's sake, and I am rather betting my chips on them having economics and statistics majors on staff who know how to conduct and interpret a survey than lending all too much credibility to a tin foil hat wearing someone with almost 18,000(!!!) posts on an anonymous internet forum.

Which doesn't address the question: If only two respondents out a hundred participate, what level of confidence can one have in the result?

If you don't know the answer, it's easy enough to google. Or perhaps someone who took a somewhat more rigorous course in statistics would be willing to help you.

volpunter posted about the ftt(financial transaction tax) in which he claims a .005 tax would not put active traders out of business and that this hedge fund "friends" in hk were turning $1 into a minimum of $3.48 by year end. after debunking his obvious nonsense a basic course in statistics would be the minimum requirement

furthermore volpunter's mentioning of your 18,000 posts is a red herring. volpunter has been on this board for 10 months and you have been for13 years. in reality, he is posting daily more on a average than you are. he tried this trick with me. i showed him up for these two things. he couldn't stand the heat and backed off.

 

[marketsurfer]

As always, the results of such polls (one can hardly call these results "statistics") must be interpreted. For example, "living comfortably" or "doing okay" may be the result of lowered expectations and living within one's means. This need not and does not translate into buying power.

The fewer who are able to buy, the less there is needed to be produced. The less there is needed to be produced, the less reason there is to hire. The fewer jobs there are, the fewer there are who are able to buy. And so on.

All of this can and usually does lead to a different kind of economy, one which may depending on one's standards be "sound". But it does not bolster what we have come to accept as the "American economic system".

Kinda like saying odds and testing all the time with market divination tactics like price action wyck@ff style? Kinda hard to call that statistics.

 

[dbphoenix]

volpunter posted about the ftt(financial transaction tax) in which he claims a .005 tax would not put active traders out of business and that this hedge fund "friends" in hk were turning $1 into a minimum of $3.48 by year end. after debunking his obvious nonsense a basic course in statistics would be the minimum requirement

furthermore volpunter's mentioning of your 18,000 posts is a red herring. volpunter has been on this board for 10 months and you have been for13 years. in reality, he is posting daily more on a average than you are. he tried this trick with me. i showed him up for these two things. he couldn't stand the heat and backed off.

Doesn't bother me. I have no idea who he is, but it's been clear for some time that the P&R Forum leaks upward.

As for the stats, if one has taken a course in statistics and doesn't now the difference between a population and a sample, he ought to ask for his money back.

 

[volpunter]

The sample size was made clear in the study. The population the statistic tries to make an inference about is the US population. And it hardly makes a difference whether you call people up or ask them on the street. At least not a difference that would make this study obsolete.

And if you call up 100 people in each US state and ask them whether they are between 30 and 40 years old regardless of whether you call or email or ask them on the street then you get a pretty good ballpark figure. Not an accurate one but an estimate of the percentage of Americans in this age bracket.

You are a total nut case that's for sure. No wonder you stand here with 18000 posts. On ignore.

Doesn't bother me. I have no idea who he is, but it's been clear for some time that the P&R Forum leaks upward.

As for the stats, if one has taken a course in statistics and doesn't now the difference between a population and a sample, he ought to ask for his money back.

 

[dbphoenix]

The sample size was made clear in the study. The population the statistic tries to make an inference about is the US population. And it hardly makes a difference whether you call people up or ask them on the street. At least not a difference that would make this study obsolete.

And if you call up 100 people in each US state and ask them whether they are between 30 and 40 years old regardless of whether you call or email or ask them on the street then you get a pretty good ballpark figure. Not an accurate one but an estimate of the percentage of Americans in this age bracket.

You are a total nut case that's for sure. No wonder you stand here with 18000 posts. On ignore.

I guess they didn't cover experimental design in your stats class.

 

[londonkid]

you're logic is that of a woman who says to her her husband who is complaining that the soup is cold says do you want the soup hot. not being part of the 47% does not make you well off.

volpunter is an anti-semite who probably was rejected by a Jewish woman who laughed at his appendage.

Superb put down. I salute you.