Innumeracy – a lack of understanding of mathematics. It keeps happening in the media all the time. Many writers and broadcasters do not understand the difference between “what cannot happen” and “what has not happened”. Yesterday Mr. Anil Ambani was saying that he has 100 million customers – i.e. about 10% of India’s population who use his services – mutual fund, life insurance, electricity, telephone etc.
Is this correct?
Well what about the double counting that has happened? What about the reliance subscriber who has a reliance mutual fund, life insurance and has reliance electricity connection at home? Well reliance power will enlighten us, I presume!
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