Jonkman Microblog
  • Login
Show Navigation
  • Public

    • Public
    • Network
    • Groups
    • Popular
    • People

Conversation

Notices

  1. Joyeuse Noëlle! (noelle@mastodon.social)'s status on Tuesday, 03-Oct-2017 16:14:45 EDT Joyeuse Noëlle! Joyeuse Noëlle!

    The problem with averages:

    Five people receive money in the following amounts: $1, $1, $1, $2, $95.

    On average, each person receives $20. (The total is $100, divide by 5.) This is the mean, but it's wildly unrepresentative.

    The median value, though, is $1. (It's in the center of the sorted list.) This is a much more accurate representation of what the "average person" gets.

    Consider this when you're looking at things like payouts, tax cuts, etc.

    In conversation Tuesday, 03-Oct-2017 16:14:45 EDT from mastodon.social permalink
  • Help
  • About
  • FAQ
  • TOS
  • Privacy
  • Source
  • Version
  • Contact

Jonkman Microblog is a social network, courtesy of SOBAC Microcomputer Services. It runs on GNU social, version 1.2.0-beta5, available under the GNU Affero General Public License.

Creative Commons Attribution 3.0 All Jonkman Microblog content and data are available under the Creative Commons Attribution 3.0 license.

Switch to desktop site layout.