this post was submitted on 19 Sep 2024
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Microblog Memes

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[–] TheReturnOfPEB@reddthat.com 13 points 5 hours ago* (last edited 5 hours 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 3 points 4 hours 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 2 points 3 hours ago (1 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 6 points 3 hours ago

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

[–] SuperSpruce@lemmy.zip 2 points 5 hours ago

Could I see the numbers?

[–] sketelon@eviltoast.org 2 points 5 hours 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.