Illustrating Imprecision with Excel

A few days ago Zach made a nice point about Zillow. It’s oh-so-easy to produce numbers that are precise but are not accurate. Here’s a quick screencast to show you one fun way to draw the distinction in Excel using number formatting.

Click picture to view video.

Note: In the screencast, I say precision when I mean to say accuracy no fewer than *four* times. Sorry.