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Say you calculate the median income for all spectators at a football game at $40,000. Suddenly Bill Gates walks in and the median skyrockets creating a false re

Say you calculate the median income for all spectators at a football game at $40,000. Suddenly Bill Gates walks in and the median skyrockets creating a false reality of what all others actually make. Median can often over-simply and create erroneous information.

zxcmx 6y ago
Maybe you're thinking of the mean? BG shouldn't shift the median much in the situation you described unless the income distribution is really weird.
stripline 6y ago
You are confusing median and mean.