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De Moivre’s Equation and Sample Size-Based Variance

Holger von Jouanne-Diedrich demonstrates de Moivre’s equation:

Over one billion dollars have been spent in the US to split up big schools into smaller ones because small schools regularly show up in rankings as top performers.

In this post, I will show you why that money was wasted because of a widespread (but not so well known) statistical artifact, so read on!

Do read on to learn more about this paradox.