alt Hacker NewsThis is a good example of why averages (by themself) can be very misleading:
- avg. $1_605
- but mean is $760, i.e. half the users generate $760 or less
I also wouldn't be surprised if the sampling distribution has two maxima even if smoothed (on around the mean and another at the lower end). Would be nice to have that plotted out properly.
> mean is $760, i.e. half the users generate $760 or less
Median*. Mean and median are both measures of averages, though colloquially average is taken to exclusively mean the mean.