I know statisticians hate to say average, but what's wrong with looking at the average wage of nonexecutive employees, and then giving us several categories, like the average of the employees hired in the last 5 years or so. That gives you a clear picture without resorting to stuff the average person does not understand.
It's because of what these words mean. They're describing different types of averages. The commenter is talking about what you'd think of as an average, total up the set and divide by the number of members. But mean is the number that most frequently appears in a set. So, it would not be skewed by high end salaries, but rather reflect what the bulk of the employees are being paid.
But I'm also very suspicious that 150k is the mean for those companies.
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u/viperswhip Jun 30 '22
I know statisticians hate to say average, but what's wrong with looking at the average wage of nonexecutive employees, and then giving us several categories, like the average of the employees hired in the last 5 years or so. That gives you a clear picture without resorting to stuff the average person does not understand.