Fuzzy numbers etc.
In the July 30 “Moneybox,” Daniel Gross included a significant numerical error. The piece linked to a Bureau of Transportation Statistics report, which can be seen here, that shows public construction spending on roads and highways in monthly totals. That Census Bureau reports the data as monthly totals expressed at an annualized rate. Because we read that annual rate as a monthly rate, the original article overstated public spending on highways and roads by a factor of 12. Link
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