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The "average person" doesn't become a billionaire, but the average wealth becomes > $1 billion. Both mean and median are useful (as well as many other statisti
by zeroonetwothree 3y ago
The "average person" doesn't become a billionaire, but the average wealth becomes > $1 billion.
Both mean and median are useful (as well as many other statistics), depending on what your goals are. Median can be very misleading in some contexts.