Snarkasterous1 Wrote:
Feb 08, 2013 11:55 PM
Actually, Dumbo, the median does NOT "tell you how most people did." Instead, it reveals only a result exceeded by 50% of the sample, and in excess of the other 50%'s result. Example for the statistically ignorant, like Dumbo: Assume a sample size of 10 households. Assume a median income of $100.00. One possible meaning: 5 households made $15.93 Billion each. 5 households made $0.01 each. A second possible meaning: 5 households made $99.99 each. 5 households made $100.01 each. In short, the median, by itself, does NOT "...tell you how most people did..." Schooled AGAIN, DumboRoy! Did you finish high school? Working on your GED, are you? - Snark