grizpsych said:Grisly Fan said:I stand by my statement. 123% more means 100% + 123% or 223% of the original. If what they meant was 23% more than last year then that is what they should/would have said.
If the number of Freshman at UM next year is even close to twice as many Freshman at UM this year. I will publicly apologize to you and buy you whatever drink you want. :thumb:
I stopped reading because it was too hard. Please take it from someone who has studied stats and math and stuff... you are wrong. Not in your math but your understanding of the phrase. This could have been resolved by page 3 or so but yah. It can be confusing and you’re close but that’s why statisticians can be confusing and misleading.
If 1000 people applied and there was a 123% INCREASE then that would indicate that the amount of people that then applied would be 2.23 x 1000. Or 2230. The key word is increase.
Whether that is an ACCURATE statement is up for question and I cannot say if the statement is accurate but when they say 123% increase they are saying the amount of applications has more than doubled.
The stock market often times increases or decreases by small percentages. By your argument the +1% the Dow Jones got today would have caused an economic collapse the likes we’ve never seen