This started with you bemoaning people who don't understand statistics, specifically regression to the mean. This post proves that you simply don't understand it. And I can say that with a remarkably high probability of being correct, as what you've written is pretty much a PERFECT contradiction of the theory.
Vin
Regression to the mean is principle that in small sample sizes, there Will be greater variance. As the sample size gets larger, your variance grows smaller, thus you will regress to the mean. Therefore, any extreme result will tend to be followed by a less extreme result, because what are the odds of hitting a 1 in 100 chance twice in a row?
In real life, we do not have perfectly specified models where the only variation is due to chance. We have imperfect models where we ignore the things we cannot measure in the model. But we try to get enough samples so it evens out.
There are good managers and bad managers. There are good boards and bad boards. If you measure 10,000 clubs you will get them all and the result will be what happens to the average club when it sacks the manager.
The average club also finishes with a .500 record. But that doesn't say much. That does not mean you should expect Saints and every other club to finish .500 every year and Man U's success is due to sheer crazy luck.
What that chart shows you is that sacking a manager--on average--is not automatically a better move than not sacking a manager.
It does not mean that all managers are equal, or that every team that goes through a bad streak will automatically pull out of it or if they don't it is just bad luck.
In all likelihood, the teams that do not sack their manager are aware that perhaps they are going through a particularly tough part of the schedule or maybe their best two players are injured. So, they stand pat knowing it is not the manager's fault and they will recover and being competent, they are right more often than not.
And it is also likely that teams do fire their manager when they feel he has lost the club, and only when they feel there is a better replacement. And being competent they are right more often than not.
In both situations, you will see an improvement in performance. But it isn't just luck. It is skill.