Do you know how valuable you are

[sasguru]

Can't believe they put lower than the average. The median is an average. They must be talking about the mean (which ia also an average)

[Bernard Common]

Why are you laughing you idiot?

[Zippy]

Can't believe they put lower than the average. The median is an average. They must be talking about the mean (which ia also an average)

No they're not - the median is the number in the middle of a ranked order (of salaries in this case). The mean is the average.

Sorry.....

[TheMonkey]

I aim to die with only £3.14159... in my bank account. Just to prove how much of a geek I am.

They only round to 3 digits in finance generally or 2 in e-commerce/front end transactional (to prove how much of a geek I am)

[Bernard Common]

No they're not - the median is the number in the middle of a ranked order (of salaries in this case). The mean is the average.

Sorry.....

An Average is either the

Median
Mode
or arithmetic Mean


Look it up if you don't believe me

You can't say the median is less than the average for it is AN average


"average
It is better to avoid this sometimes vague term. It usually refers to the (arithmetic) mean, but it can also signify the median, the mode, the geometric mean, and weighted means, among other things. "

[Zippy]

An Average is either the

Median
Mode
or arithmetic Mean


Look it up if you don't believe me

You can't say the median is less than the average for it is AN average


"average
It is better to avoid this sometimes vague term. It usually refers to the (arithmetic) mean, but it can also signify the median, the mode, the geometric mean, and weighted means, among other things. "

They can be the same but are not necessarily so.

1 2 2 2 2 2 3 - Average/Mean =2, Median=2

1 2 2 2 3 3 3 - Average/Mean =2.286, Median =2

10000 20000 20000 20000 90000 570000 990000 - Average/Mean=232800, Median=20000

Using the mean can lead to drawing the wrong conclusions. If you are discussing salaries for instance the average may look pretty good. The median shows that most people don't earn anywhere near that sum.

Can I go do some work now?

[Bernard Common]

They can be the same but are not necessarily so.

1 2 2 2 2 2 3 - Average/Mean =2, Median=2

1 2 2 2 3 3 3 - Average/Mean =2.286, Median =2

10000 20000 20000 20000 90000 570000 990000 - Average/Mean=232800, Median=20000

Using the mean can lead to drawing the wrong conclusions. If you are discussing salaries for instance the average may look pretty good. The median shows that most people don't earn anywhere near that sum.

Can I go do some work now?

I know they are not the same, what I am saying is, using the term average is missleading. Saying the median (which is an average) is less than the average is a schoolboy error. They should have said the median is less than the mean. Otherwise how do we know they are not talking about the mode?

[sasguru]

What Zippy is trying to say is that the Mean is skewed by outliers and other extremes.The median is much more representative for salaries. Now that we've finished enlightening Andyw on GCSE statistics, can we move on ?

You have a point for a change, Andyw, but it ain't a point worth making FFS.

[Bernard Common]

What Zippy is trying to say is that the Mean is skewed by outliers and other extremes.The median is much more representative for salaries. Now that we've finished enlightening Andyw on GCSE statistics, can we move on ?

Go back and read my post SLOWLY you moron.

[sasguru]

Go back and read my post SLOWLY you moron.

Seeing as know so much about statistics you'll understand when I tell you you're firmly to the left of the Gaussian probability distribution for IQ