In era of Alternative facts in the political arena – it crossed my mind: what about the facts in the boardroom. How well are facts and figures presented in the boardroom as the basis of a discussion or a descision to be made.
In research on this topic I found this presentation: How to Lie, Cheat, Manipulate and mislead using Statistics and Graphical Displays (Presentation).
Always be critical on facts and figures presented – not only challenging the facts and figures but are the facts and figures contributing to a descision or do you need more and/or in a different manner.
And if in doubt use the Lie Factor –
The “Lie Factor” is a value to describe the relation between the size of effect shown in a graphic and the size of effect shown in the data.