3 ms·
"Most people have less than an average income..." You realize this is a mathematical impossibility, right? EDIT: That's what I get for being snarky. Will leav
by iends 13y ago
"Most people have less than an average income..."
You realize this is a mathematical impossibility, right?
EDIT: That's what I get for being snarky. Will leave my shame for all too see :)
- yoyot1 13y agoIf you have 3 people, one makes $97, the other two make $1 each, avg income is $33, and most people make less. Not saying the parent statement is correct, but definitely not a mathematical impossibility...
- dalke 13y agoThere's a difference between median and mean. While both can be called "average", that term almost always means "mean". If there are 9 employees making $30K/year and the owner makes $270K/year, then the average salary is $54K/year, but 9 of the 10 people are making below average. Bill Gates made, what, $10 billion last year? Put him in a city with 100,000 people making $100,000/year. His arrival would cause the average salary to double, and all but one would have a less than average income.
- deleted 13y ago[deleted]