10k were interviewed. They extrapolate 10k to the population of Europe. C’mon that’s just mad. Especially with something as complicated as poverty.
Europe also currently has a war ongoing and has huge areas of incredibly poor and wealthy. Can’t really average that out. Wouldn’t trust anything that comes out of this research institution
If that 10k is representative, that should give a very small uncertainty interval, less than 1%. You can get 95% confidence interval with only a few hundred samples depending on the standard deviation, so 10k is actually massive. It’s pretty standard statistics, here’s more info on how it’s calculated.
That only applies to statistics that follow a nornal distribution. If there’s no bell curve, these numbers don’t make sense.
I don’t know if the distribution is or isn’t shaped well for this kind of statistical analysis, but sample sizes and confidence intervals don’t always work and are sometimes used to distort data.
While 10k can be a good sample size, only selecting a couple of European countries for research does make the “Europeans” headline misleading.
“People in 10 European countries” would be better, but the results vary wildly by country. A country-oriented title would probably be better.
I find it kind of interesting how Germany is positioned compared to the generally poorer countries. It seems like everyone is affected by high inflation, but different countries cope with the reduced purchasing powers in different ways.
Perhaps it’s my Dutchness showing, but I’ve always looked for discounts and visited discount stores, even when I was much better off financially. I’m not getting scammed by shit companies, going to discount stores has nothing to do with my purchasing power.
Where do they get these stats from ?
Bullshit statistics.
10k were interviewed. They extrapolate 10k to the population of Europe. C’mon that’s just mad. Especially with something as complicated as poverty.
Europe also currently has a war ongoing and has huge areas of incredibly poor and wealthy. Can’t really average that out. Wouldn’t trust anything that comes out of this research institution
10k is a great number for this kind of extrapolation. The only concern is how varied that population was
For this kinda thing ? Really ? 10k to extrapolate into the population of what 300 mil ?
Think that’s pretty wild. For maybe a single question with a few variations but something as complicated and complex as poverty and spending habits.
Iyf like to see the sources to back up that claim.
Yup, check this parent comment for the source you’re asking for
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If that 10k is representative, that should give a very small uncertainty interval, less than 1%. You can get 95% confidence interval with only a few hundred samples depending on the standard deviation, so 10k is actually massive. It’s pretty standard statistics, here’s more info on how it’s calculated.
https://ecampusontario.pressbooks.pub/introstats/chapter/7-5-calculating-the-sample-size-for-a-confidence-interval/
I know jack shit about statics, or this study, but 10K participants seems more than solid if it’s proper science.
That only applies to statistics that follow a nornal distribution. If there’s no bell curve, these numbers don’t make sense.
I don’t know if the distribution is or isn’t shaped well for this kind of statistical analysis, but sample sizes and confidence intervals don’t always work and are sometimes used to distort data.
Dug around a little. Seems the 10k were split between 10 different states. Here is an infographic from the source:
The numbers do seem inflated and don’t add up very well comparatively between the different countries either.
While 10k can be a good sample size, only selecting a couple of European countries for research does make the “Europeans” headline misleading.
“People in 10 European countries” would be better, but the results vary wildly by country. A country-oriented title would probably be better.
I find it kind of interesting how Germany is positioned compared to the generally poorer countries. It seems like everyone is affected by high inflation, but different countries cope with the reduced purchasing powers in different ways.
Perhaps it’s my Dutchness showing, but I’ve always looked for discounts and visited discount stores, even when I was much better off financially. I’m not getting scammed by shit companies, going to discount stores has nothing to do with my purchasing power.
Ah didn’t see the breakdown. Incredibly leading questions and highly charges but seems legit
you’re right! can you calculate the sampling size that would’ve given 95% confidence