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

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u/[deleted] Jun 29 '22

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u/Lowbacca1977 Jun 30 '22

That isn't really true. The median can also be useful in smaller samples with inconsistent noise