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by refurb 532 days 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.

1 comments

Is 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.

There are at least three kinds of averages: mean, median, and mode.