The mean is higher than the median with a highly unequal distribution of income. If Bill Gates joined pen-l the mean wealth would increase quite a bit, but not them median.
-----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Louis Proyect Sent: Friday, November 13, 2009 12:15 PM To: Progressive Economics Subject: Re: [Pen-l] Re: Blankfein Invokes God and Man at Goldman Sachs raghu wrote: > > You mean the median, not the mean? Yes. Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
