Look at median, and not mean GDP per capita

Re:Look at median, and not mean GDP per capita by AlbertCory on Sunday August 07, 2022 @08:01PM (#32381137)

From the title, I thought it was going to be a ranking of countries GDP per capita. Never mind :)

Since I implemented a median estimate while at Packeteer, I'm always amused by how many "educated" people don't even know the difference between mean and median.

Anyhow, "median income" and "median net worth" figures are quoted in the press all the time. There is not some conspiracy to suppress the median.

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Re:Look at median, and not mean GDP per capita by bobthepanda on Sunday August 07, 2022 @08:14PM (#32381219)

Agreed.

Usually the issue is collecting accurate income data. There are plenty of places where people do not necessarily report accurate pictures of their income, and so comparison is generally harder.

[ Parent | on HN ]