4 ms·
Average doesn't necessarily mean that, often the mean is used and often that's not equal to the median. If housing prices are left skewed then the median is goi
by salamandersauce 5y ago
Average doesn't necessarily mean that, often the mean is used and often that's not equal to the median. If housing prices are left skewed then the median is going to be greater than the average so more than 50% of people would be paying more than the mean.
- wave_function 5y agoI think the point was that it is true specifically when it comes to housing (also income and wealth for that matter)