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by mdxn 3262 days ago
The average GPA of millionaires alone is obviously not enough information to make the conclusions that this video is making. An average GPA of 2.9 is not far off from the average college GPA of regular students, anyways (for, let's say, the ones that graduate). For all we know (from just this statistic), college GPA could be completely independent from who is a millionaire and who is not. We really need information about the shape of the distributions in order to really compare these two groups. For instance, we would, at least, need to know that valedictorians (for the sake of simplicity, just people with 4.0s) have a lower likelihood of becoming millionaires than other groups. The average alone does not help us enough here.

I have a few questions for the people who are really more knowledgeable about the topic:

Is there really a lower incidence of high GPA graduates (3.8-4.0s) becoming millionaires than those closer to the average? Is this distribution tighter around the mean or are there clusters in certain bands of GPAs?

1 comments

Here's a study you might be interested in:

http://time.com/money/4779223/valedictorian-success-research...

This study, at least as Time summarizes, seems to be quite badly formed. 81 valendictorians are far too small of a sample size to determine who goes on to be a visionary, given that the baseline odds of being a visionary (whatever that even is) are probably less than 1 in 1000.

The fact that you can randomly sample thought leaders and see a reasonably high number of valedictorians (Peter Thiel, Ben Bernanke) suggests there's a positive correlation.

Why must there ALWAYS be an auto playing video at the top of every article, that does nothing but play music, and show text.
Probably appeals to people with different learning styles than you. Doesn't take much effort for you to stop the video from playing.
It doesn't take much effort to start a video if you should so want it. This method has the added benefit of not annoying folks like me who seriously do not appreciate the noise pollution.