Comments on: Median vs. Mean: Know the Difference or Risk Being Manipulated http://www.darwinsfinance.com/median-mean-definition/ Financial Evolution: Education, Adaptation, Achievement Sat, 13 Mar 2010 19:34:08 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Nicole http://www.darwinsfinance.com/median-mean-definition/comment-page-1/#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 2009 http://www.darwinsfinance.com/median-mean-definition/comment-page-1/#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. [...]

]]> By: Russ Swanger http://www.darwinsfinance.com/median-mean-definition/comment-page-1/#comment-3263 Russ Swanger Mon, 30 Nov 2009 21:27:59 +0000 http://www.darwinsfinance.com/?p=796#comment-3263 WOW. Trying to help my kid with 8th grade math. It's been many, many, years since I studied this. Glad you were here. Please add info re: outlier (sp) for others. WOW. Trying to help my kid with 8th grade math. It’s been many, many, years since I studied this. Glad you were here. Please add info re: outlier (sp) for others.

]]> By: Reputo http://www.darwinsfinance.com/median-mean-definition/comment-page-1/#comment-2369 Reputo Wed, 14 Oct 2009 19:18:14 +0000 http://www.darwinsfinance.com/?p=796#comment-2369 <i>The number of families in the affluent demographic is slightly larger than the number of families on the opposing side. As such, the median family income is ~$100,000 for the entire town while the mean income is closer to $65,000. </i> The median family income would actual be $80,000 for the town since the affluent make between $80,000 and $120,000 and are slightly more (50% +1) than the poor side of town. The median family for the entire town would be the lowest paid in the affluent side of town. Overall, it doesn't change your analysis any. However, it does illustrate how easy it is to get the numbers jumbled. The number of families in the affluent demographic is slightly larger than the number of families on the opposing side. As such, the median family income is ~$100,000 for the entire town while the mean income is closer to $65,000.

The median family income would actual be $80,000 for the town since the affluent make between $80,000 and $120,000 and are slightly more (50% +1) than the poor side of town. The median family for the entire town would be the lowest paid in the affluent side of town.

Overall, it doesn’t change your analysis any. However, it does illustrate how easy it is to get the numbers jumbled.

]]> By: Mathsliteracy Resources (weekly) « Maths literacy teachers’ blog http://www.darwinsfinance.com/median-mean-definition/comment-page-1/#comment-2311 Mathsliteracy Resources (weekly) « Maths literacy teachers’ blog Sun, 11 Oct 2009 00:33:13 +0000 http://www.darwinsfinance.com/?p=796#comment-2311 [...] Mean Median Explained: Why Knowing the Difference Can Prevent YOU from Being Manipulated [...] [...] Mean Median Explained: Why Knowing the Difference Can Prevent YOU from Being Manipulated [...]

]]> By: Dividend Tree Potpourri – August 2, 2009 | Dividend Tree http://www.darwinsfinance.com/median-mean-definition/comment-page-1/#comment-1340 Dividend Tree Potpourri – August 2, 2009 | Dividend Tree Sun, 02 Aug 2009 21:06:12 +0000 http://www.darwinsfinance.com/?p=796#comment-1340 [...] Median or Mean – Are they same? [...] [...] Median or Mean – Are they same? [...]

]]> By: Finish Your Basement, Enjoy A Frugal Barbecue, Leverage Card Rewards http://www.darwinsfinance.com/median-mean-definition/comment-page-1/#comment-1326 Finish Your Basement, Enjoy A Frugal Barbecue, Leverage Card Rewards Sat, 01 Aug 2009 04:03:03 +0000 http://www.darwinsfinance.com/?p=796#comment-1326 [...] Festival of Stocks was my next stop where I caught up with Darwin Finance’s article on knowing the difference between median vs mean. [...] [...] Festival of Stocks was my next stop where I caught up with Darwin Finance’s article on knowing the difference between median vs mean. [...]

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