jeffw@lemmy.worldM to News@lemmy.world · 8 months agoUS Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaultruthout.orgexternal-linkmessage-square136fedilinkarrow-up1847arrow-down113cross-posted to: [email protected]
arrow-up1834arrow-down1external-linkUS Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaultruthout.orgjeffw@lemmy.worldM to News@lemmy.world · 8 months agomessage-square136fedilinkcross-posted to: [email protected]
minus-squareFlowVoid@lemmy.worldlinkfedilinkEnglisharrow-up7arrow-down2·edit-28 months agoYou have it backwards. The mean, not the median, is skewed by outliers. If there are ten people in a room with $10 and one person with $1,000,000, the median is $10 whereas the mean is ~$90,000.
minus-squareTrumpetX@programming.devlinkfedilinkEnglisharrow-up3·8 months agoNo idea why you’re down voted for math :/
You have it backwards. The mean, not the median, is skewed by outliers.
If there are ten people in a room with $10 and one person with $1,000,000, the median is $10 whereas the mean is ~$90,000.
No idea why you’re down voted for math :/