Monday, May 23, 2016
The numbers don't lie.
Here’s a new feature where from time to time we will look at some of the facts and figures that are affecting our lives, and grossly misinterpret them. I shall call this special feature The Bad Statistician. Yes I shall. Ahem. In the year 2010, the average United States family of four spent $11.46 on unwrought rhodium. (Unwrought rhodium imports totaled $884,811,866, the population was 308,745,538.) The market price for the metal is around $675 an ounce, so somewhere in the average American home there is about a half gram of rhodium. Why would anyone make such a silly purchase?