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Meadian doesn't make sense when talking about inequality. 3 people having $1, $2 and $3 have the same "median inequality" as 3 people having $1, $2 and $300000
by tomp 11y ago
Meadian doesn't make sense when talking about inequality.
3 people having $1, $2 and $3 have the same "median inequality" as 3 people having $1, $2 and $300000000000.
You need either mean, range or quantiles.
- chimeracoder 11y ago> Meadian doesn't make sense when talking about inequality. You need either mean, range or quantiles. Uh... what? The median is the 2-quantile.
- tomp 11y agoSorry, I meant "interquantile range" (e.g. 25-75th quantile).