Mina asked this question about
The Signal and the Noise: Why So Many Predictions Fail—But Some Don't:
In chapter 1, there's a paragraph describing the housing boom in the 1950s. The following facts are stated in it:
- homeownership rate increased, from 44% to 62%, over 2 decades (1940-1960)
- population grew by 20% per decade
conclusion: homeowners increased by 80% during the decade
Do these figures make any sense? I can't wrap my head around how the auther reached this conclusion.
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