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How are you able to make those assumptions using just the median? Did you assume a normal distribution with some arbitrary variance? >It has about 100k employe
by eberkund 7y ago
How are you able to make those assumptions using just the median? Did you assume a normal distribution with some arbitrary variance?
>It has about 100k employees. That means 50% make more than that which is about 50k people.
No it doesn't, a typical business has far more people making minimum wage than it does making millions.
- Oletros 7y agoYes, it does, median is the value defined as 50% of the set The "median" is the "middle" value in the list of numbers. To find the median, your numbers have to be listed in numerical order from smallest to largest, so you may have to rewrite your list before you can find the median.