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On Tue, 23 Aug 2005 20:36:04 -0700, "Seth Masia"
wrote: Umm -- the definition of median is that half the range is higher and half is lower. This means that if the median is $42,000, and there are 100 million households, then 50 million households make more than $42k. That sounds like an average rather than a median. If you take the lowest number income to the highest and put them in order the number in the middle would be the median. In fact the average income is higher, because it's pulled up by the very wealthy households making millions per year, and that's not offset by That would pull the median up more than the average. Average is the total income of all the households divided by the number of households. One family making $500,000,000 against several million in the $40,000 range would have little effect on the average and a big hit on median. households making negative income (we don't allow individuals to rack up millions in debt -- only corporations). The mathematical average might be around $60k or even higher. snip Jay Honeck wrote: If I could do it, anyone can do it. There are many people out there who should never get near an airplane and many who are just not mentally or physically equipped to think in three dimensions safely. Roger Halstead (K8RI & ARRL life member) (N833R, S# CD-2 Worlds oldest Debonair) www.rogerhalstead.com |
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