3 ms·
I never realized that the median is an average... interesting. So any average can be dominated by extreme events, except the median average. Then we are discu
by moments 13y ago
I never realized that the median is an average... interesting. So any average can be dominated by extreme events, except the median average.
Then we are discussing averages, in general. So, the common misconception would be:
-Averages are dominated by the median, and deviation from the mean is symmetric.-