4 ms·
Average and median are different.
by erikpukinskis 3y ago
Average and median are different.
- dragonwriter 3y agoMedian is an average, just like the mode, arithmetic mean, geometric mean, harmonic mean, etc., are, even though most of the time when “average” is used without specifying which one, its actually the arithmetic mean.
- alephnerd 3y agoIt most definetly is. And given that Kenya's Gini coefficient is 51.3, that means the median Kenyan household is earning less than $145/month, which only shows that Sama is paying competitively at the national level.
- deleted 3y ago[deleted]
- bitshiftfaced 3y agoIncome distributions have fat tails, so the median is less than the average, which only amplifies grandparent poster's point.