Home › Forums › Financial Markets/Economics › Average SD family 2000 vs 2010
- This topic has 630 replies, 29 voices, and was last updated 14 years ago by
sobmaz.
-
AuthorPosts
-
February 7, 2011 at 12:47 PM #664563February 7, 2011 at 12:59 PM #663426
jstoesz
ParticipantThe 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…
February 7, 2011 at 12:59 PM #663488jstoesz
ParticipantThe 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…
February 7, 2011 at 12:59 PM #664093jstoesz
ParticipantThe 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…
February 7, 2011 at 12:59 PM #664230jstoesz
ParticipantThe 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…
February 7, 2011 at 12:59 PM #664568jstoesz
ParticipantThe 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…
February 7, 2011 at 1:00 PM #663431bearishgurl
Participant[quote=walterwhite]I think I’m gonna go buy some powdered milk. See if my kids notice.[/quote]
scaredy, I drank powdered milk as a kid. Here’s how to make it taste better. Make it up in a blender or something you can shake it in. Use room temperature water (not cold). Use slightly more powder to make the “richer” milk. Blend or shake really, really well. Refrigerate for at least 3 hrs in cold frig (set at 3-4). Wa-laa, you have “milk” for less than half the price (if you purchase it in bulk and not the expensive pre-measured packets).
In island nations, where there are no dairy animals and thus no dairy products that are not flown in (i.e. VERY expensive), the population subsists off dry milk powder. It is reconstituted and sold this way in cold cartons on-island or sold in vacuum-packed boxes (whole milk) or dry (lowfat/nonfat).
There’s nothing wrong with it. You just have to get used to the taste.
February 7, 2011 at 1:00 PM #663493bearishgurl
Participant[quote=walterwhite]I think I’m gonna go buy some powdered milk. See if my kids notice.[/quote]
scaredy, I drank powdered milk as a kid. Here’s how to make it taste better. Make it up in a blender or something you can shake it in. Use room temperature water (not cold). Use slightly more powder to make the “richer” milk. Blend or shake really, really well. Refrigerate for at least 3 hrs in cold frig (set at 3-4). Wa-laa, you have “milk” for less than half the price (if you purchase it in bulk and not the expensive pre-measured packets).
In island nations, where there are no dairy animals and thus no dairy products that are not flown in (i.e. VERY expensive), the population subsists off dry milk powder. It is reconstituted and sold this way in cold cartons on-island or sold in vacuum-packed boxes (whole milk) or dry (lowfat/nonfat).
There’s nothing wrong with it. You just have to get used to the taste.
February 7, 2011 at 1:00 PM #664098bearishgurl
Participant[quote=walterwhite]I think I’m gonna go buy some powdered milk. See if my kids notice.[/quote]
scaredy, I drank powdered milk as a kid. Here’s how to make it taste better. Make it up in a blender or something you can shake it in. Use room temperature water (not cold). Use slightly more powder to make the “richer” milk. Blend or shake really, really well. Refrigerate for at least 3 hrs in cold frig (set at 3-4). Wa-laa, you have “milk” for less than half the price (if you purchase it in bulk and not the expensive pre-measured packets).
In island nations, where there are no dairy animals and thus no dairy products that are not flown in (i.e. VERY expensive), the population subsists off dry milk powder. It is reconstituted and sold this way in cold cartons on-island or sold in vacuum-packed boxes (whole milk) or dry (lowfat/nonfat).
There’s nothing wrong with it. You just have to get used to the taste.
February 7, 2011 at 1:00 PM #664235bearishgurl
Participant[quote=walterwhite]I think I’m gonna go buy some powdered milk. See if my kids notice.[/quote]
scaredy, I drank powdered milk as a kid. Here’s how to make it taste better. Make it up in a blender or something you can shake it in. Use room temperature water (not cold). Use slightly more powder to make the “richer” milk. Blend or shake really, really well. Refrigerate for at least 3 hrs in cold frig (set at 3-4). Wa-laa, you have “milk” for less than half the price (if you purchase it in bulk and not the expensive pre-measured packets).
In island nations, where there are no dairy animals and thus no dairy products that are not flown in (i.e. VERY expensive), the population subsists off dry milk powder. It is reconstituted and sold this way in cold cartons on-island or sold in vacuum-packed boxes (whole milk) or dry (lowfat/nonfat).
There’s nothing wrong with it. You just have to get used to the taste.
February 7, 2011 at 1:00 PM #664573bearishgurl
Participant[quote=walterwhite]I think I’m gonna go buy some powdered milk. See if my kids notice.[/quote]
scaredy, I drank powdered milk as a kid. Here’s how to make it taste better. Make it up in a blender or something you can shake it in. Use room temperature water (not cold). Use slightly more powder to make the “richer” milk. Blend or shake really, really well. Refrigerate for at least 3 hrs in cold frig (set at 3-4). Wa-laa, you have “milk” for less than half the price (if you purchase it in bulk and not the expensive pre-measured packets).
In island nations, where there are no dairy animals and thus no dairy products that are not flown in (i.e. VERY expensive), the population subsists off dry milk powder. It is reconstituted and sold this way in cold cartons on-island or sold in vacuum-packed boxes (whole milk) or dry (lowfat/nonfat).
There’s nothing wrong with it. You just have to get used to the taste.
February 7, 2011 at 1:06 PM #663436blahblahblah
Participant[quote=jstoesz]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…[/quote]
Yeah good point, I missed that the original post showed median numbers. However I’ll bet we could come up with some data sets in which even that would be misleading. But at least median does give you some idea about the distribution, you know that half of the samples are less and half are higher.
February 7, 2011 at 1:06 PM #663498blahblahblah
Participant[quote=jstoesz]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…[/quote]
Yeah good point, I missed that the original post showed median numbers. However I’ll bet we could come up with some data sets in which even that would be misleading. But at least median does give you some idea about the distribution, you know that half of the samples are less and half are higher.
February 7, 2011 at 1:06 PM #664103blahblahblah
Participant[quote=jstoesz]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…[/quote]
Yeah good point, I missed that the original post showed median numbers. However I’ll bet we could come up with some data sets in which even that would be misleading. But at least median does give you some idea about the distribution, you know that half of the samples are less and half are higher.
February 7, 2011 at 1:06 PM #664240blahblahblah
Participant[quote=jstoesz]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…[/quote]
Yeah good point, I missed that the original post showed median numbers. However I’ll bet we could come up with some data sets in which even that would be misleading. But at least median does give you some idea about the distribution, you know that half of the samples are less and half are higher.
-
AuthorPosts
- You must be logged in to reply to this topic.