jeffw@lemmy.worldM to News@lemmy.world · 10 months agoUS Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaultruthout.orgexternal-linkmessage-square87fedilinkarrow-up1684arrow-down18cross-posted to: [email protected]
arrow-up1676arrow-down1external-linkUS Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaultruthout.orgjeffw@lemmy.worldM to News@lemmy.world · 10 months agomessage-square87fedilinkcross-posted to: [email protected]
minus-squareFlowVoid@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down2·edit-210 months agoYou have it backwards. The mean, not the median, is skewed by outliers. If there are ten people in a room with $10 and one person with $1,000,000, the median is $10 whereas the mean is ~$90,000.
You have it backwards. The mean, not the median, is skewed by outliers.
If there are ten people in a room with $10 and one person with $1,000,000, the median is $10 whereas the mean is ~$90,000.