ST Alpha - "Median is better. If Bill Gates is at a cocktail party, the mean is over a million -- nm" (Reading a Post)

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In response to "Demographics question: In my county, the difference between the median and mean household incomes seems quite significant. If I'm only reporting one, " by mara

Median is better. If Bill Gates is at a cocktail party, the mean is over a million -- nm

Posted by ceregon Feb 13 '12, 08:38

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If they're specifying "per capita income," that must be the median, right? -- nm - mara Feb 13, 08:45 2
- Mathematically, I think it's synonymous with "mean" -- nm - Beryllium Feb 13, 08:47
- Nope. -- nm - Don Homer Feb 13, 08:46

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