Present Statistics In Context


"I didn't have 3000 pairs of shoes. I had only 1600 pairs." Imelda Marcos

Everything's relative. A million dollars sounds like a lot of money to someone who makes an average salary, but it's a drop in the bucket to a Warren Buffett or a Bill Gates. Running a hundred metres in a few seconds seems like a miracle to ordinary mortals, but a track and field athlete will work hard to shave even more off that time.

Yet presenters often quote statistics without benchmarks, so the audience doesn't know how to evaluate them. Is $10,000 a lot of money? Well it is for a bicycle. It's not much for a house, unless that house is in a small village in a third world country, where it might be exorbitant. If you quote numbers this way, you will lose the audience while they try to decide whether $125,000 is good, bad or indifferent in this context. Your statistics lose their power.

In a presentation skills workshop for a group of lawyers, one participant was practicing his delivery of an address to the jury in an upcoming trial. He was asking for damages in the amount of $750,000, and hoped the jury would consider it reasonable. It's quite a large sum, and most ordinary folks think of that kind of cash as a lottery win. He needed to put it in context for them.

He might, for example, ask the jury to suppose they were thirty-five years old and earning a salary of $40,000 a year. By the time they reached the age of sixty-five, allowing for reasonable increases, they could expect to have earned a certain amount. (He would do the arithmetic and insert the actual sum.) That amount would be what is called their "expected lifetime income". However, if they were involved in an accident and suddenly unable to work any more, that amount now represents their "forfeited lifetime income". That is what happened to this claimant, and the amount he would have lost was $750,000. So in fact, counsel was asking no more than the amount the man would have earned, had he not met with this unfortunate accident.

Don't you think the jury is more likely to agree when given this background explanation?

Here are three ways to put figures in context for your audience.

1. Compare them to something to which they can personally relate, as in the courtroom example.

2. Compare them to a similar situation. If a new manufacturing process takes fifteen minutes, mention that the old one took two hours, so we save 1-3/4 hours.

For even more effect, tell them how much time this will save in an average shift or on a certain number of product units. Go further and translate that time into money and the statistic will now be a strong argument for change.

3. Create vivid word pictures to illustrate size: That's the equivalent of five football fields. That's enough to fill ten Olympic-size swimming pools. If laid end-to-end they would stretch from New York to L.A. and back again.

Statistics can be great persuaders, but only when the audience has the means to evaluate them.

Helen Wilkie is a professional keynote speaker, workshop facilitator and author, helping companies save their money and people save their sanity through better communication. Her latest book is "The Hidden Profit Center-a tale of profits lost and found through communication." For more articles and other information, visit www.mhwcom.com">http://www.mhwcom.com While you're there, sign up for Communi-keys and receive monthly communication techniques directly from Helen.


MORE RESOURCES:

Globe and Mail

Hasbro To Webcast Investor Presentation From Toy Fair On Friday, February 10, 2012
TheStreet.com (press release)
By Business Wire 02/06/12 - 03:00 PM EST Hasbro, Inc. (NASDAQ: HAS) today announced it will webcast presentations from its annual Investor Event at Toy Fair on Friday, February 10, 2012 beginning at 8:30 AM eastern time. The webcast will include ...
HASBRO, INC. : Hasbro to Webcast Investor Presentation From Toy Fair on Friday ...4-traders (press release)

all 238 news articles »


Greenbrier to Webcast Presentation at the BB&T Capital Markets 27th Annual ...
MarketWatch (press release)
6, 2012 /PRNewswire via COMTEX/ -- The Greenbrier Companies, Inc. [NYSE:GBX] will be presenting on Wednesday, February 15, 2012, at the BB&T Capital Markets 27th Annual Transportation Services Conference at The Biltmore Hotel in Coral Gables, Florida.

and more »


Alkermes' Corporate Presentation to be Webcast at the 14th Annual BIO CEO ...
Business Wire (press release)
DUBLIN--(BUSINESS WIRE)--Alkermes plc (NASDAQ: ALKS) announced today that its corporate presentation will be webcast live at the 14 th Annual BIO CEO & Investor Conference on Monday, February 13, 2012, at 2:30 pm EST (7:30 pm GMT) from the ...
ALKERMES : Alkermes' Corporate Presentation to be Webcast at the 14th Annual ...4-traders (press release)

all 7 news articles »


Ellington Financial LLC Announces Fourth Quarter Earnings Conference Call And ...
Daily Markets (press release)
In connection with the release of financial results, the Company announced that it will post an investor presentation that will accompany the conference call on its website at www.ellingtonfinancial.com under “For Our Shareholders—Presentations” after ...

and more »


Time for Exact Sciences Presentation at UBS Healthcare Services Conference Revised
EON: Enhanced Online News (press release)
(Nasdaq: EXAS) will make its presentation at the UBS 22nd Annual Healthcare Services Conference at 4 pm ET on Feb. 7 and not 3 pm ET, as previously announced. Exact Sciences Corp. is a molecular diagnostics company focused on the early detection and ...

and more »


Chembio Diagnostics, Inc. Investor Presentation Now Available for On-demand ...
Sacramento Bee
QB: CEMI), which develops, manufactures, markets and licenses point-of-care diagnostic tests, today announced that their February 2nd RetailInvestorConferences.com presentation is now available for on-demand viewing.
Cyalume Technologies Investor Presentation Now Available for On-Demand Viewing ...MarketWatch (press release)
AxoGen, Inc. Investor Presentation Now Available for On-demand Viewing at ...PR Newswire (press release)

all 28 news articles »


CBC.ca

Ackman's shareholder presentation for CP long on criticism, short on solutions
Canada.com
he said in an interview after the presentation. ``You don't need a leap of faith. The current CEO has failed over the last five and half years. He's been with the company for 32. The company has made zero progress, in fact they've gone backwards.
Ackman Faults Canadian Pacific CEO Green as 'Wrong' for RailroadBusinessWeek
Ackman Faults Canadian Pacific Chief for 'Worst Railroad'Bloomberg

all 94 news articles »


SB Nation

Super Bowl Trophy Presentations, The Georgia Dome, And A League Run By Plutocrats
SB Nation
On the two previous recent occasions that the club won the title, the trophy was presented to team captain Carles Puyol. Puyol is an iconic figure, a native Catalan who came up through the team's youth ranks and is noted both for being a great leader ...

and more »


Presentation of Telenor's fourth quarter results 2011
Reuters (press release)
The presentation, which will also be broadcast live over the Internet, will be held in Auditorium A, Telenor Expo Visitor Centre at Fornebu near Oslo. The figures will be published on Telenor's website at 07:00 CET. CEO Jon Fredrik Baksaas and CFO ...

and more »


Forbes

Presentation Skills: Bring Statistics to Life
Forbes
When you deliver statistics in a presentation, especially if it's a big number, put the statistic into context by adding one sentence that begins with: Apple CEO, Tim Cook, uses those words or a variation of those words in nearly every presentation ...


Google News

Barbaods travel guideekspres ln- snus tobacco- snus
Eitforum.com ©