On Thu, Mar 17, 2016 at 12:05 PM, Eugene Coyle wrote: > As far as Raghu’s point I have no quarrel, except when he veers into his > Microsoft analogy. Just get a list of all the employees’ salaries and > discover the median. What am I missing? to repeat Raghu’s question.
I am afraid I am still confused. My question is a purely technical one: how do you define median GDP? In my Microsoft analogy, I understand fully well how mean compensation per employee is defined as well as the corresponding median. I also understand why median is perhaps more informative than the mean. But it doesn't seem to me to make sense to talk about Microsoft's "median revenue per employee". As in, I don't see how to define such a thing in a mathematically reasonable way. Whereas the corresponding *mean* can be precisely defined in a reasonable way.. -raghu. > We often see comparisons of CEO pay and some proxy for what workers at the > coal face are getting, although that is usually expressed as the mean of > some subset of employees. And that’s because we don’t get to see each > employee’s pay stub, information is very closely held. >
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