In 2011 current population survey conducted by the us census bureau, two average household income were reported: $49,445 and $67,530. One of these averages is the mean and the other is the median. Which is the mean? Help!!!!
Someone please help me on this problem I beg!
I want to know how to tell which one is the median and which is the median
Household income is very, VERY skewed toward the higher numbers. Ponder it for a moment. What is the minimum household income? What is the maximum household income? Thus, the mean of household income will ALWAYS be higher than the median income - the median is far less sensitive to giant numbers.
so basically the mean is always higher than the mean or only in incomes...
We're only talking about household income.
thx love ya
1 2 5 12 12 Median is 5 Mean is 6.4 1 and 2 are not far from 5. 12 is much farther from 5. This is the nature of household income.
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