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this post was submitted on 28 Mar 2024
86 points (95.7% liked)
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Median rather than average.
Or double the average of the lowest 25% of earners.
I think you mean median. Mean is the total sum divided by number of data points and is usually what is meant by "average". Median is whichever one is right in the middle. Mean is significantly higher for incomes because of a few high-earners.
You are correct. Seems I made a mode-al error.
Zing!