Misleading+Statistics+1

Misleading Statistics are statistics that are manipulated or influence someone to think a certain way. Also exaggeration of the statistics which lead to misunderstanding falls under the umbrella definition of misleading statistics.

Video: media type="custom" key="27304940" This YouTube video gives prime exemplars of misleading statistics from a couple of well known companies, Colgate and Reebok as well as a trial case. It explains how the Colgate advertisement is misleading, and that Reebok's information wasn't necessarily correct, and that in the trial the provided information was misleading and manipulated to prove a certain way.

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In this article, it states that Obama said that increasing minimum wage will make the job market bigger not smaller because data from the Labor Department "proved" that 13 states that increased minimum wage saw in a positive difference in the job market. But that's not necessarily true. In Economics, if you raise the price of a product, consumers will be less likely to buy it. Same goes for the job market. If you raise the price of minimum wage, companies will be less likely to hire workers. For example, they will be more likely to use more self checkouts in a grocery store, rather than human workers. This proves that incorrect statistics were used on Obama's part.