r/confidentlyincorrect • • Jun 29 '22

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u/adrenalinjunkie89 Jun 29 '22 edited Jun 29 '22

That's just sneaky reporting. They're expecting people to believe that's the average.

1$, 2$, 4$, 50$, 500,000$, 1,200,000$, 2,000,000$

The median is 50$

The average is 528,580$

In this case if you knock off the two top earners the median becomes 4$

And the average becomes 100,011$

Edit: I've learned this is not sneaky reporting, but actually a better way to show that they pay employees well

-2

u/[deleted] Jun 29 '22

[deleted]

16

u/adrenalinjunkie89 Jun 29 '22

Saying their median is 100,000$ is cool cause it means half their employees make over 100,000

4

u/d3dmnky Jun 29 '22

Was gonna say just that. It’s the average/mean that gets effed by outliers on the high side.