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To: norwaypinesavage

Half the people are below the mean.


49 posted on 12/15/2011 7:16:34 AM PST by sasquatch
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To: sasquatch
Half the people are below the mean.

Only in a gaussian distribution. That's why mean is not a good indicator of central tendency for incomes - they don't usually follow a normal distribution. Half the people are by definition below the MEDIAN in ANY distribution regardless of skew or kurtosis. Median is a better indicator.

52 posted on 12/15/2011 7:29:07 AM PST by from occupied ga (your own government is your most dangerous enemy)
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To: sasquatch
"Half the people are below the mean."

Actually, mean is the same as average. The only technically correct statement would be: "Half the people are below the median." However, I wasn't going to be picky in my cynicism.

58 posted on 12/15/2011 8:41:35 AM PST by norwaypinesavage (Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
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