The same thing can be said about the flu. I have had the flu before and just dealt with it, therefore it was not reported in any way. What if covid is 20x? 50x? 2x? What if everyone on the planet has already had it at some point? What if the numbers are falsely too high? All these what ifs what ifs what ifs. From the REPORTED cases to the REPORTED deaths, there is a 4.8% death rate. You are basically stating it could be ANY percentage. It could be 4.0 too. It could be 5%.
You don't deal with "what ifs" with statistics. This is like saying what if the flu has more cases than what is reported each year. You can apply this to ANY statistics, all those what if scenarios. But that is not how things work in the world of statistical analysis. You take the data you have and provide statistics based on it. You do not mess with the data and report a statistical analysis. You need to take a course on this, as no business will higher you for analyzing stats if you do not report accurate information and the reason you provide is "well what if its this?"
Sorry, but it matters...tremendously, particularly with relatively small numbers. Until you start getting more data, you can’t draw conclusions with early data. Flu has billions of cases, so the analysis is different.
Yes, 4.8% is utterly meaningless without more info. Sure, it is what it is...but it’s also junk data...of which there is a ton. Pound it all you want...means nothing, especially if you look deeper. Who is dying, why are they dying, how is it being reported, is it reliable, etc. Analytics go so much deeper than a numerator and denominator, but it makes for bad TV and poor headlines.
And I’m not saying it could “basically be any percentage.” Im saying it’s definitely below 4.8%.
Anyone can report 4.8%....thats not the deep analytics part, lol. You aren’t hired to do division of 2 garbage numbers. That’s not analysis.
I manage an analytics team for a Fortune 10 company.
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That’s not true for all areas:
Arizona highest number of daily covid deaths just reported.
On the day Vice President Mike Pence is set to visit Arizona, the state reported nearly 5,000 new COVID-19 cases and 88 deaths, the highest numbers so far.
www.azcentral.com
Texas hospitals are filling up.
Texas was one of the first states in the nation to ease social distancing mandates. In Houston, the number of patients hospitalized with COVID-19 has quadrupled since Memorial Day. “It’s time to be alarmed,” one expert said.
www.texastribune.org
You should be a headline writer. “Texas hospitals filling up.” And you post an article that doesn’t even say more than ONE hospital is completely full or that it is full because of Covid19 patients. Texas has literally hundreds of hospitals, many I can confirm are NOT full. I could post a similar headline. “Texas hospitals have plenty of room” and give one example of a hospital with plenty of room. Same exact logic.
And again, daily case numbers compared to prior months are utterly meaningless if testing has increased or more people are going for testing. The number itself really means nothing.