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Old April 28th 07, 07:06 AM posted to rec.aviation.piloting
Jose
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Posts: 897
Default NY Times Story on Pilot Population Decline

I thought the uS always used median and let the people confuse it
with average. Have they changed?


While such confusion may be to the benefit of some, median is probably a
better measure of what people are trying to measure using it. An
average is easily skewed by a small number of instances of extremely
high values, whereas the median isn't. Put another way, if the top 1%
triples their income while everyone else stays the same, the average
income rises, but the median income stays the same. The "real" income
for most people actually goes down, because wealth is relative (via prices).

Jose
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