AdamB wrote:Outcast_Searcher wrote:Hint for the mathematically impaired. Median is LESS than the average, since the really big numbers outweigh the really small ones.

In a mean time before failure distribution, I'm betting the median can be on either side of the mean just based on the thing being quantified.

Fair point. I should have qualified it with in real world economic examples with lots of data points (like incomes). I was trying to make a simple point, not be rigorous, so for that, I'll plead guilty.

(See doomers, if you make a mistake and actually (gasp) admit it, it doesn't mean horrible things happen to you straight away).

I was trying to emphasize the point that claiming that using the median gives no useful information about the income level of a large group of people (or family units) is nonsense, and the median (in the real world in such examples) is NOT distorting things upward as our detractor du jour seemed to be implying with his "but there are poor people" distraction.

Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.