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It's frequently used in when talking about incomes specifically. [0] > For example, the average personal income is often given as the median—the number below w
by llbeansandrice 3y ago
It's frequently used in when talking about incomes specifically. [0]
> For example, the average personal income is often given as the median—the number below which are 50% of personal incomes and above which are 50% of personal incomes—because the mean would be higher by including personal incomes from a few billionaires. For this reason, it is recommended to avoid using the word "average" when discussing measures of central tendency and specifically specify which type of measure of average is being used.
[0] https://en.wikipedia.org/wiki/Average https://en.wikipedia.org/wiki/Average