Subject:
Re: Fw: education & pay
Date:
Sat, 29 Jul 2000 10:48:23 -0400
From:
"Ray E. Harrell" <[EMAIL PROTECTED]>
To:
Christoph Reuss <[EMAIL PROTECTED]>
References:
1
Cute Chris, real cute. Look up the synonym for median in an
English
dictionary. Statistically right perhaps, but we all know how
economists and
statisticians skew English. This is just another cute example to
put alongside
"productivity."
REH
Christoph Reuss wrote:
> >> More stinking averages...
> >>
> >> <http://www.bls.gov/emptab7.htm>
> >>
> >> Unemployment and earnings for year-round, full-time workers
age 25
> >> and over, by educational attainment
> >>
> >> unemployment median
> >> rate, earnings,
> >> 1998 1997
>
> Note that these are _medians_, not "stinking averages".
> The median is a much more robust statistical metric than the
average (mean).
> ("robust" meaning less sensitive to far-out dots)
>
> Chris
