image missing Date: 2021-10-26 Page is: DBtxt003.php L0900-MM-Average-v-Median-01a


METRICS for MANAGEMENT
AVERAGE -v- MEDIAN
STATISTICS ARE OFTEN MISUNDERSTOOD. SOMETIMES THE MESSAGING IS INTENTIONAL


 •   The average seems quite benign.

      The average on this bar-graph shows that wealth increases modestly as a person ages.
 •   The median shows something very different!

      The median of this same graph shows that there is massive increase only for very few people.

More about wealth inequality from Wikipedia
'https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States'
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