I'll file this next to the formula I whip up when I want to figure out how much a trip costs based on mileage and fuel prices.
Phrasing the statement as "Think of how dumb an average person you meet on the street is. Now realize that half of all people are even more dumb than that." primes the brain to denigrate the intelligence of a random person, leading to a wrong conclusion.
Another example relates to your formula for fuel economy - some locales use distance-per-volume (miles per gallon) while others use volume-per-distance (liters per 100 km). Intuition may suggest that upgrading from a 15 mpg vehicle to a 20 mpg vehicle is comparable to going from a 30 mpg vehicle to a 35 mpg vehicle - but it's not! Using the reciprocal more accurately describes the emissions and costs related to different fuel economies over the wide range of values that you'll measure in modern vehicles: The example compares a 15.7 -> 11.6 L/100km change and a 7.8 -> 6.7 L/100km change. These units make it much easier to intuit the results.
Doing the math occasionally is a good habit to get into!
AFAIK IQ is a peculiar case because of how IQ is defined.
Of course IQ is a made up thing that we just defined to behave that way.