That’s why I said the denominator is important. If you hit a home run on your first at bat it doesn’t mean you can bat 1000 the whole season.
On the other hand, the more variables you add the more variance you’ll get. Actuarial tables use deaths per 100k. To my knowledge there haven’t been 100k Boeing whistleblowers.
Why would there need to be 100k whistleblowers? That’s not how actuarial tables work. They’re normalized to a population of 100k, that doesn’t mean they’re derived from a population of 100k.
Yes, reality is complex and messy and confusing and we often don’t have data to describe it. That’s why it’s important to know when we are dealing with relevant facts and when we are constructing a spherical cow out of scraps in their absence.
On the other hand, the more variables you add the more variance you’ll get. Actuarial tables use deaths per 100k. To my knowledge there haven’t been 100k Boeing whistleblowers.