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To: therightliveswithus

In fairness, they might be using the median average as opposed to the mean average.

The mean average (which is what most peeople assume when the see the word “average”) is simply $60 million divided by 572,000.

The median average would be the amount of the donation that has an equal number that are smaller and larger. In this case the 286,000th highest/lowest dontaion would be the mean average.

The median can sometimes give a more accurate picture because it is not as skewed by extreme amounts.

For example if there are 5 houses on a block worth:

200,000
225,000
250,000
300,000
1,500,000

The mean average would be $495,000
The median average would be $250,000

In this case the median would more accurately reflect the typical home price.

However, given that campaign donations for individuals are capped, I’d think the mean average would be a better reflection of the truth, as there aren’t any huge contributions to skew the average.


5 posted on 06/07/2012 12:19:11 PM PDT by Above My Pay Grade (The candidate I vote for will NOT have a CARE after his name.)
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To: Above My Pay Grade

200,000
225,000
250,000
300,000
1,500,000

The mean average would be $495,000
The median average would be $250,000
************************
mean or average = average of all values
median = midpoint between high and low values
median average = no such thing
495,000 = average (2475k/5)
850,000 = median (200k+1500k=1700k/2)

Not wanting to argue, AMPG, it’s just that the numbers you posted didn’t look right.


13 posted on 06/08/2012 1:16:48 AM PDT by octex
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