Comments on: Median vs. Mean: Know the Difference or Risk Being Manipulated http://www.darwinsfinance.com/median-mean-definition/ Financial Evolution: Education, Adaptation, Achievement Mon, 06 Feb 2012 15:43:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: mike vhttp://www.darwinsfinance.com/median-mean-definition/#comment-36520 mike v Wed, 07 Dec 2011 23:56:07 +0000 http://www.darwinsfinance.com/?p=796#comment-36520 Good article although your political examples at the end show that you clearly have an agenda of your own. We recognize Obama near-quotes when we see them. Good article although your political examples at the end show that you clearly have an agenda of your own. We recognize Obama near-quotes when we see them.

]]> By: شاتhttp://www.darwinsfinance.com/median-mean-definition/#comment-8363 شات Fri, 15 Apr 2011 19:37:21 +0000 http://www.darwinsfinance.com/?p=796#comment-8363 <a href="http://www.p7bk.com" rel="nofollow">دردشة</a> دردشة

]]> By: Web 2.0 is Improving Business Part 1 | Web 3.0 Coachhttp://www.darwinsfinance.com/median-mean-definition/#comment-8054 Web 2.0 is Improving Business Part 1 | Web 3.0 Coach Wed, 02 Feb 2011 03:27:20 +0000 http://www.darwinsfinance.com/?p=796#comment-8054 [...] improvement (median) in customer [...] [...] improvement (median) in customer [...]

]]> By: Carlsbad DeSignhttp://www.darwinsfinance.com/median-mean-definition/#comment-7894 Carlsbad DeSign Tue, 21 Dec 2010 21:27:26 +0000 http://www.darwinsfinance.com/?p=796#comment-7894 "25% hit to someone earning $25,000!" I may be mistaken, but wouldn't a $5,000 tax on someone earning $25,000 be 1/5 of their income, and thus 20%? Otherwise, very nice explanation of the difference between mean and median. Each has it's own particular usage. Mean is sensitive to extremes in value, median to extremes in quantity. “25% hit to someone earning $25,000!”

I may be mistaken, but wouldn’t a $5,000 tax on someone earning $25,000 be 1/5 of their income, and thus 20%?

Otherwise, very nice explanation of the difference between mean and median. Each has it’s own particular usage. Mean is sensitive to extremes in value, median to extremes in quantity.

]]> By: MortgagesByMarkhttp://www.darwinsfinance.com/median-mean-definition/#comment-7138 MortgagesByMark Sun, 05 Dec 2010 07:00:25 +0000 http://www.darwinsfinance.com/?p=796#comment-7138 Thanks for the information. I was reading a study into mortgage indebtedness and came across median and mean in the study. Your insight helped clear up what these numbers mean. So, just to keep things straight, average (arithmetic mean) is a useful number, but mean will eliminate the large outlying values that can skew your figures, right? Thanks for the information. I was reading a study into mortgage indebtedness and came across median and mean in the study. Your insight helped clear up what these numbers mean. So, just to keep things straight, average (arithmetic mean) is a useful number, but mean will eliminate the large outlying values that can skew your figures, right?

]]> By: Benhttp://www.darwinsfinance.com/median-mean-definition/#comment-6860 Ben Sat, 09 Oct 2010 04:14:17 +0000 http://www.darwinsfinance.com/?p=796#comment-6860 Good stuff ... wish the Internet had more of this and less of other garbage. Good stuff … wish the Internet had more of this and less of other garbage.

]]> By: Waullyhttp://www.darwinsfinance.com/median-mean-definition/#comment-6616 Waully Wed, 11 Aug 2010 00:46:18 +0000 http://www.darwinsfinance.com/?p=796#comment-6616 "25% hit to someone earning $25,000" And don't forget, while bending the numbers with "statistics", that there is still room for typos. $5,000 would be a 20% hit to someone earning $25,000, not 25%, or, perhaps it was supposed to be "25% hit to someone earning $20,000" since the range of the not so affluent was $20-40,000. “25% hit to someone earning $25,000″

And don’t forget, while bending the numbers with “statistics”, that there is still room for typos. $5,000 would be a 20% hit to someone earning $25,000, not 25%, or, perhaps it was supposed to be “25% hit to someone earning $20,000″ since the range of the not so affluent was $20-40,000.

]]> By: AprilShttp://www.darwinsfinance.com/median-mean-definition/#comment-6563 AprilS Tue, 03 Aug 2010 17:31:09 +0000 http://www.darwinsfinance.com/?p=796#comment-6563 Yeah!! I'm so glad people are talking about statistics!! This is one of my favorite subjects and I even just posted a blog/video post on this subject. Everyone should pay attention because this is a good example of math that is real world applicable and honestly, utilized a lot!! Yeah!! I’m so glad people are talking about statistics!! This is one of my favorite subjects and I even just posted a blog/video post on this subject.
Everyone should pay attention because this is a good example of math that is real world applicable and honestly, utilized a lot!!

]]> By: Nicolehttp://www.darwinsfinance.com/median-mean-definition/#comment-3830 Nicole Tue, 19 Jan 2010 00:00:13 +0000 http://www.darwinsfinance.com/?p=796#comment-3830 Bookmarked for an upcoming lecture. The MPA students *usually* get it by midterms, but there's always a few stragglers (which makes me fear for the future of our country). Bookmarked for an upcoming lecture. The MPA students *usually* get it by midterms, but there’s always a few stragglers (which makes me fear for the future of our country).

]]> By: Best of 2009http://www.darwinsfinance.com/median-mean-definition/#comment-3591 Best of 2009 Tue, 29 Dec 2009 12:07:36 +0000 http://www.darwinsfinance.com/?p=796#comment-3591 [...] Darwin’s Finance explains the important difference between Median and Mean. [...] [...] Darwin’s Finance explains the important difference between Median and Mean. [...]

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