Home › Forums › Financial Markets/Economics › Average SD family 2000 vs 2010 › The median, something that is
The median, something that is often reported is a little closer to the truth, no?
Population A has a median of 50k.
Population B has a median of 10k.
At least that is how I understand mean vs median. Median is the value of the middle number in a set of data, mean is simply the average.
The problem I often see with median data sets is the mix so often changes or is not representative of the real…
