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averages/median Hide too much. Better question is What is the probability of being in the 90th percentile of wealth conditional upon your ancestors being in the
by safgasCVS 8y ago
averages/median Hide too much. Better question is What is the probability of being in the 90th percentile of wealth conditional upon your ancestors being in the 90th percentile of wealth and compare that against the bottom 10th percentile?
Edit: added ‘median’ for the ctrl-f keyboard warrior
- digitalzombie 8y ago> averages Hide too much. I had to read the article because of your comment. You're wrong. When competent researchers talk about salary/income they always do median because average doesn't account of skew like Bill Gates. If you do a ctrl+f with mean or average you won't find it. But if you do ctrl+f and search for median you'll find it.
- safgasCVS 8y agoSo You think what I said is somehow undone by avg vs median? Hahaha thx for making me laugh
- toasterlovin 8y agoAgree that average hides the distribution, but median is simply a specific percentile value (the 50th), just not the 90th.