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… heavily skewed by the top 5%. So the number is likely way, way lower than $100M (perhaps $8-10M?)
by quenix 5y ago
… heavily skewed by the top 5%. So the number is likely way, way lower than $100M (perhaps $8-10M?)
- jtolmar 5y agoIt's an average, so the skew doesn't matter for this. Average = sum / count. Multiply both sides by count. Sum = count * average.
- quenix 5y agoNeat! This does seem algebraically coherent. Unfortunately, it just doesn't make intuitive sense to my lizard brain. Cool trick anyway, thanks for clearing it up!
- andreareina 5y agoIt's the heart of the difference between the two statements: - The average streamer makes $x - Streamers make an average of $y
- scrollaway 5y agoVery beautifully and succinctly summarized. :)
- bongoman37 5y agoWhat do we mean by "average" streamer? Would median be a better term here?
- andreareina 5y agoColloquially, the kind of results you'd expect if someone told you they're a streamer. If you wanted to be more precise then median would work, as would the mode.
- milliondollar 5y agoSorry, whats the difference here? -avg streamer makes $x. Total = $x * # streamers -streamers make an average of $y. Total = $y * # streamers Average is always sum/n?
- ppseafield 5y agoA streamer that is considered average - has an average number of followers and subscribers - could be expected to make about $X. The average income of all streamers (including super popular streamers and streamers with 1 follower) makes is $y. Because the streamers in the top 1% make several orders of magnitude more money, $y is skewed higher than $x.
- throwmeawaydddy 5y agoJust to chime in on this one. You're obviously right mathematically. Both of the claims in my original comment are correct as stated: * Roughly 20K active creators (VAL_A). * An average monthly payout to creators of $5K (VAL_B). HOWEVER, that does not mean that VAL_A * VAL_B = total monthly payout. The below details are relevant: 1. Not all active creators made money. 2. There was a payout minimum (well, a free payout minimum, which the majority of users waited to reach).
- deleted 5y ago[deleted]
- throwmeawaydddy 5y agoI felt obligated to reply to this comment, because you're correct at interpreting my intent. I should have been cleared with my numbers considering the audience (HN is a stat-aware place it appears!) Both of my numbers were accurate as stated: * There were 20K~ active creators. * The average monthly payout was $5K. HOWEVER, those numbers are not intended to be calculated together for a total payout valuation (doing that would assume every creator received a payout every month, which was not the case).