this post was submitted on 19 Sep 2024
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Microblog Memes

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[–] TheReturnOfPEB@reddthat.com 19 points 2 months ago* (last edited 2 months ago) (3 children)

What's crazy is to calculate the average US income the census folks of the US government exclude billionaires because it would skew reality so much that people would call bullshit on the average with billionaires in the mix.

so they get to be excluded from the "average wage per family" calculations made and distributed by the government.

[–] Aezora@lemm.ee 9 points 2 months ago (1 children)

I think you're conflating average and mean. When it comes to income average is typically median, which does include billionaires but wouldn't skew the data due to their inclusion.

[–] Animated_beans@lemmy.world 1 points 2 months ago (2 children)

Average and mean are the same thing (sum of everything divided by total number of things). Median is the middle number.

[–] howrar@lemmy.ca 16 points 2 months ago

Colloquially, average is the mean. Mathematically, average can be either mean, median, or mode.

No, that's just the arithmetic mean. There a other often more appropriate means that can be used. Arithmetic mean is just the one most commonly taught.

[–] sketelon@eviltoast.org 3 points 2 months ago

I've never heard that, would be wild if that's truly how they do it, I wonder what the average would be if they included the billionaire family's.

[–] SuperSpruce@lemmy.zip 3 points 2 months ago

Could I see the numbers?