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> The problem with what you said is that it's a statistic lumping all households together. As such it's largely meaningless because it lumps Elon's household wi
by refurb 2y ago
> The problem with what you said is that it's a statistic lumping all households together. As such it's largely meaningless because it lumps Elon's household with some person living in a trailer park in Montana.
No, because it's a median value, thus outliers are irrelevant.
- bruce511 2y agoIs it a median? The site doesn't say (that I can see) but the text seems to suggest an average, not a median. But even if it's a median, the point stands. At least half the country falls below this standard. Equally the distribution of outliers is not balanced. There are a lot lot more outliers (far from the median) on the up side than the down side.
- kelseyfrog 2y agoThere are at least three kinds of averages: mean, median, and mode.