Average SD family 2000 vs 2010

[blahblahblah]

[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.

[bearishgurl]

The “mean” and “median” income tables don’t really prove jack sh!t as to household disposable income or quality of life.

A “retiree” or similarly-situated younger “heir” living in a paid-off house with low taxes can live very well on $40K to $50K, even traveling several times per year. If they are not inclined to travel, they can live quite well on <=$40K per year, even MUCH less. Keep in mind that many of these people pay little (if any) income taxes.

[bearishgurl]

The “mean” and “median” income tables don’t really prove jack sh!t as to household disposable income or quality of life.

A “retiree” or similarly-situated younger “heir” living in a paid-off house with low taxes can live very well on $40K to $50K, even traveling several times per year. If they are not inclined to travel, they can live quite well on <=$40K per year, even MUCH less. Keep in mind that many of these people pay little (if any) income taxes.

[bearishgurl]

The “mean” and “median” income tables don’t really prove jack sh!t as to household disposable income or quality of life.

A “retiree” or similarly-situated younger “heir” living in a paid-off house with low taxes can live very well on $40K to $50K, even traveling several times per year. If they are not inclined to travel, they can live quite well on <=$40K per year, even MUCH less. Keep in mind that many of these people pay little (if any) income taxes.

[bearishgurl]

The “mean” and “median” income tables don’t really prove jack sh!t as to household disposable income or quality of life.

A “retiree” or similarly-situated younger “heir” living in a paid-off house with low taxes can live very well on $40K to $50K, even traveling several times per year. If they are not inclined to travel, they can live quite well on <=$40K per year, even MUCH less. Keep in mind that many of these people pay little (if any) income taxes.

[bearishgurl]

The “mean” and “median” income tables don’t really prove jack sh!t as to household disposable income or quality of life.

A “retiree” or similarly-situated younger “heir” living in a paid-off house with low taxes can live very well on $40K to $50K, even traveling several times per year. If they are not inclined to travel, they can live quite well on <=$40K per year, even MUCH less. Keep in mind that many of these people pay little (if any) income taxes.

[jstoesz]

true true all around…Couldn’t agree more, that is why age distribution is something I always try to look at too…and even that is incomplete. I do not think there are as many oldies as you all seem to think…Then again you may hang out in different demographic circles than I do…But I find age distributions to be pretty interesting. You can run into that median vs. mean issue once again though.

On the issue of powdered milk, I remember some health nut friend I knew talk about how bad powdered milk was. It sounded about as bad as margarine, something about straightening out the molecules…or some such chemistry mumbo jumbo (I am a mechanical engineer and I hate chemistry).

[jstoesz]

true true all around…Couldn’t agree more, that is why age distribution is something I always try to look at too…and even that is incomplete. I do not think there are as many oldies as you all seem to think…Then again you may hang out in different demographic circles than I do…But I find age distributions to be pretty interesting. You can run into that median vs. mean issue once again though.

On the issue of powdered milk, I remember some health nut friend I knew talk about how bad powdered milk was. It sounded about as bad as margarine, something about straightening out the molecules…or some such chemistry mumbo jumbo (I am a mechanical engineer and I hate chemistry).

[jstoesz]

true true all around…Couldn’t agree more, that is why age distribution is something I always try to look at too…and even that is incomplete. I do not think there are as many oldies as you all seem to think…Then again you may hang out in different demographic circles than I do…But I find age distributions to be pretty interesting. You can run into that median vs. mean issue once again though.

On the issue of powdered milk, I remember some health nut friend I knew talk about how bad powdered milk was. It sounded about as bad as margarine, something about straightening out the molecules…or some such chemistry mumbo jumbo (I am a mechanical engineer and I hate chemistry).

[jstoesz]

true true all around…Couldn’t agree more, that is why age distribution is something I always try to look at too…and even that is incomplete. I do not think there are as many oldies as you all seem to think…Then again you may hang out in different demographic circles than I do…But I find age distributions to be pretty interesting. You can run into that median vs. mean issue once again though.

On the issue of powdered milk, I remember some health nut friend I knew talk about how bad powdered milk was. It sounded about as bad as margarine, something about straightening out the molecules…or some such chemistry mumbo jumbo (I am a mechanical engineer and I hate chemistry).

[jstoesz]

true true all around…Couldn’t agree more, that is why age distribution is something I always try to look at too…and even that is incomplete. I do not think there are as many oldies as you all seem to think…Then again you may hang out in different demographic circles than I do…But I find age distributions to be pretty interesting. You can run into that median vs. mean issue once again though.

On the issue of powdered milk, I remember some health nut friend I knew talk about how bad powdered milk was. It sounded about as bad as margarine, something about straightening out the molecules…or some such chemistry mumbo jumbo (I am a mechanical engineer and I hate chemistry).

[sdrealtor]

Four years ago we discussed the problems with averages (means, medians and modes) ad nasuem. They are flawed and we all get that. Taking any measure at face value is of limited use at best. The best we can do is hypothesize over changes and the velocity of them.

[sdrealtor]

Four years ago we discussed the problems with averages (means, medians and modes) ad nasuem. They are flawed and we all get that. Taking any measure at face value is of limited use at best. The best we can do is hypothesize over changes and the velocity of them.

[sdrealtor]

Four years ago we discussed the problems with averages (means, medians and modes) ad nasuem. They are flawed and we all get that. Taking any measure at face value is of limited use at best. The best we can do is hypothesize over changes and the velocity of them.

[sdrealtor]

Four years ago we discussed the problems with averages (means, medians and modes) ad nasuem. They are flawed and we all get that. Taking any measure at face value is of limited use at best. The best we can do is hypothesize over changes and the velocity of them.

[Author]

Posts