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Our World Statistics Day conversations have been a great reminder of how much statistics can inform our lives. Do you have an example of how statistics has made a difference in your life? Share your story with the Community!
The principle is that the presence of ties will have the effect of reducing the variance, so an adjustment is required by an amount that is a function of the proportions of the observations that are tied at each tie point. However, I'm not familiar with the details of the calculation or the theoretical basis of it.