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- Aug 2, 2011
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Median is the number in the middle, which is different from the average.
1,2,3,4,5,6,1000
Median is 4
Average is 146
Okay, Professor.
What is your source?
Also, and this is subjective, but I would argue that “median” is much more representative of how much the average household income is.
Lumping Jeff Bezos in with everyone on this board, for example - which is ostensibly what you did in your sample - will make an artificially skewed result.
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