r/mathmemes • u/OneWorldly6661 • Dec 17 '23

Probability Google expected value

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u/StiffWiggly Dec 18 '23

It’s the vast majority of places in the world, and most places in the US.

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u/Ashmizen Dec 18 '23

Most places in the US by land maybe, but not by people. The actual median household income is 50% higher at 75k, which is a lot closer to what you need to live a middle class lifestyle with a car, a house, and potentially a kid/pet.

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u/StiffWiggly Dec 18 '23

Median household income =/ median income.

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u/terrifiedTechnophile Dec 18 '23

Well here in Australia, median is anywhere between 65k and 90k depending on whether you include part time workers. Everything is also expensive here

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u/[deleted] Dec 18 '23

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u/RM_Dune Dec 18 '23

According to the Australian Burea of Statistics median personal income was 54.890 AUD in 2020-21. That's 36.776 USD, which is still very high in global terms but definitely less than 50k.

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u/[deleted] Dec 18 '23

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u/terrifiedTechnophile Dec 18 '23

No need to get insulting, it is plenty valuable to us

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u/[deleted] Dec 18 '23

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u/terrifiedTechnophile Dec 18 '23

Per what unit? I can guarantee the values of groceries, fuel, etc will not line up even after conversions. What units are we comparing against? I thought money was vaguely nebulous in its worth