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Peter Mandelson once said that most people don’t understand statistics or, if they do, they think that they are bullshit. He had a point. Half of British adults do not have the mathematical skills expected of an 11 year old. 1 Numbers just don’t work for a lot of people. I’ve worked with high-profile people who regularly confused millions and billions, even in press conferences: most of the time, the journalists didn’t notice either. Research shows that the brain is only capable of processing seven bits of data at a time. 2 Nevertheless, so many modern leaders think you’re not leading effectively if you don’t have a never-ending blitzkrieg of stats up your sleeve. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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