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Michael Pollak asked,
>Am I right in understanding that the list below
purports to be a
>percentile chart? So production costs in Hungary are 1/100th of what they >are in Japan? I'm an expert on percentiles (expert witness at
three seniority arbitrations). Percentiles are a measure of relative rank,
not of absolute level of costs. All the percentile rankings tell is that
production costs are lower in Hungary than in Japan. There's no way to tell from
a percentile ranking what the ratio of production costs are. They could as
easily be 99:100 as 1:100.
Tom Walker
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