4 ms·
The GP's point is that Median Income would be valuable but "average" i.e. Mean Income, is much less valuable.
by pilom 10y ago
The GP's point is that Median Income would be valuable but "average" i.e. Mean Income, is much less valuable.
- mywittyname 10y agoThe according to the BLS, the median wage nationally is $100,080 and the average is $104,300. I'm not convinced a 4% difference takes away a whole lot of value, especially when salaries are close to a normal distribution. I'm willing to bet that as you limit you data set to a smaller region, salaries normalize even further.
- user5994461 10y agoSalaries are not a normal distributions. They are a multimodal distribution (usually 2 waves).