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Personally I think 80% of the population is dumb.
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Well, you think wrong!
Intelligence fits very nicely on a bell curve with a standard deviation of 15! That means that 1/3 of the population has an IQ between 85 and 115, 1/3 is lower than 85 and 1/3 is over 115. That is very far from your supposition that 80% are dumb!