Missouriwatcher
Editor, Senior Moderator
CATI Institute Library (March 2, 2020): ...would have reduced the fatality rate to 1.4%... the number of confirmed cases probably captures only about 30% of the actual number...people with “mild cases who get better” are unlikely to ever be included in the denominator.
If the WHO estimate of 4351 confirmed cases amounted to 30% of the actual number infected outside of China at that time, for example, then the combined total of both unreported and confirmed cases would be 4351 divided by 0.30 or 14,503. In that case, the actual death rate would 67 divided by 14,503, or less than one half of one percent (0.46%)...
https://www.cato.org/blog/misleading-arithmetic-covid-19-death-rates
If the WHO estimate of 4351 confirmed cases amounted to 30% of the actual number infected outside of China at that time, for example, then the combined total of both unreported and confirmed cases would be 4351 divided by 0.30 or 14,503. In that case, the actual death rate would 67 divided by 14,503, or less than one half of one percent (0.46%)...
https://www.cato.org/blog/misleading-arithmetic-covid-19-death-rates