3 ms·
(As mentioned) median, not mean, is the relevant statistic for income. The income distribution is exponential, so mean is irrelevant for individuals. One indivi
by yobbo 5y ago
(As mentioned) median, not mean, is the relevant statistic for income. The income distribution is exponential, so mean is irrelevant for individuals. One individual could account for 100% of the income, and the mean would be the same.