4 ms·
> contrary to common understanding, it is perfectly valid for more than 50% of people to be above average. Average != median For this kind of question ('is X a
by piaste 8y ago
> contrary to common understanding, it is perfectly valid for more than 50% of people to be above average. Average != median
For this kind of question ('is X above/below average?'), however, I would expect that people are _actually_ thinking of the median.
Consider a high Gini-coefficient country, where the income distribution looks like this: 1, 1, 1, 2, 2, 2, 3, 3, 4, 5, 6, 999999.
If you ask people 'is the person earning 5 above or below average?' they will say he is above average, even though he is actually above the median and below the average.