Do you know how valuable you are

[Bernard Common]

"The median level of full-time weekly earnings was £383 per week. This is considerably lower than the average (£465),"

Now tell me why you found it funny that I pointed out this sentence was wrong becuase the median is AN average.


You put your foot in it and you are not man enough to admit I was right and you were wrong!

Edit: to help the hard of thinking. This is how it should be:
Assuming they were talking about the mean @ 465

"The median level of full-time weekly earnings was £383 per week. This is considerably lower than the mean (£465),"

[Ardesco]

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)

When i worked for Barclays it was 5 digits after I discovered that if you hit forward and back on one of the pages of a program we were testing you could increase the value of your money exponentially all due to them being too generous with thier rounding up.

[sasguru]

"The median level of full-time weekly earnings was £383 per week. This is considerably lower than the average (£465),"

Now tell me why you found it funny that I pointed out this sentence was wrong becuase the median is AN average.


You put your foot in it and you are not man enough to admit I was right and you were wrong!

Edit: to help the hard of thinking. This is how it should be:
Assuming they were talking about the mean @ 465

"The median level of full-time weekly earnings was £383 per week. This is considerably lower than the mean (£465),"

Hurrah well done you pedantic fecker. The reason I found it funny is that you think pointing out the bleeding obvious means you actually have something to say. You really are an asinine clot, aren't you?

[Bernard Common]

Hurrah well done you pedantic fecker. The reason I found it funny is that you think pointing out the bleeding obvious means you actually have something to say. You really are an asinine clot, aren't you?

Would you like a shovel for that hole?

[TheMonkey]

When i worked for Barclays it was 5 digits after I discovered that if you hit forward and back on one of the pages of a program we were testing you could increase the value of your money exponentially all due to them being too generous with thier rounding up.

Now that's a classic bug!

Sounds very much like the 1980's Sage rounding error that cost so many businesses so much monkey.

[Zippy]

Hurrah well done you pedantic fecker. The reason I found it funny is that you think pointing out the bleeding obvious means you actually have something to say. You really are an asinine clot, aren't you?

Gentlemen,

Mr Common is technically correct although average and mean are usually - even in stats classes - used interchangeably. No need to get so upset with each other but presuming you'd like to continue I have loads of handbags if you'd each like to borrow one?

I really must get a more interesting gig ..........

[expat]

"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. "

"average:
Properly refers to the arithmetic mean (q.v.). Sometimes misused to refer to other central calculations, e.g. median (q.v.)"

So there!

[Bernard Common]

Gentlemen,

Mr Common is technically correct although average and mean are usually - even in stats classes - used interchangeably. No need to get so upset with each other but presuming you'd like to continue I have loads of handbags if you'd each like to borrow one?

I really must get a more interesting gig ..........

I'm just pointing out the crap wording used by so called professionals, of course SAS uses this as an opportunity for his petty snipes as usual. Sometimes it would be better if he thought before he pounced (like a rampant Duncan Norvelle)

[Bernard Common]

"average:
Properly refers to the arithmetic mean (q.v.). Sometimes misused to refer to other central calculations, e.g. median (q.v.)"

So there!

Sorry that's incorrect. An Average is a moment of location of which the Mean is one.

"There are three different kinds of averages. Given a sample set: 2,2,2,3,5,6,8: The mode average (the most common answer) is 2; the median average (the one in the middle) is 3; and the mean average (the sum of all samples divided by the number of samples) is 4. Any one of which can legitimately be the average."