Can We Survive the Next Financial Crisis?

Re:Can We Survive the Next Financial Crisis? by noobermin on Monday September 10, 2018 @03:46PM (#17954562)

The distance between the average and the median is staggering. This should be why you always should be suspicious when someone uses an average as a good statistic for wealth or income in the US.

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Re:Can We Survive the Next Financial Crisis? by Brybry on Monday September 10, 2018 @04:57PM (#17955128)

I assume you intend "mean" instead of "average".

Mean, median, and mode are all averages and a lot of statistics actually refer to median when they say "average".

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Re:Can We Survive the Next Financial Crisis? by noobermin on Monday September 10, 2018 @05:14PM (#17955264)

I suppose. That's why I referred to the median and average as a "statistic" and distinct, although that may be just the way I've been used to talking about it.

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Re:Can We Survive the Next Financial Crisis? by leetcrew on Monday September 10, 2018 @09:41PM (#17956583)

really? in my experience, people who even know the difference between "mean" and "median" always use "average" in the sense of "mean".

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