Trump Is Really Asking People to Venmo to Pay Off the National Debt
Trump Is Really Asking People to Venmo to Pay Off the National Debt
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48 comments
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The debt is more than $100k per person. The median net worth is $192k. People would have to sell large parts of what they own to make any significant dent in that number during his administration.
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What's the median net worth without the 10 richest people, because they obviously don't have to contribute
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192k
Median, not medium
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Median, not *mean/average.
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Fair. Though also, english isn't my first language.
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English is a tertiary language for me. I would say "too", but I don't know if you moved to an English speaking country later in life so it is a secondary language for you. I have lived in Denmark my entire life.
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The median would not stay the same if you removed the ten richest people. It wouldn't decrease as much as the mean, but it would still go down.
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It might, very very slightly go down. But the way you have to think about a media is this:
Put all 342 million Americans in a single line, sorted by net worth from west to east in increasing order. Find the person standing in the middle, i.e. person 171 million. That's the median net worth.
Now remove the top 10 richest people, i.e.
behead the snakepolitely ask the 10 people standing easternmost to leave the line. Now to find the new median, go back to the original median person and move five to the left. That's the new median.Most likely, you'd have a negligible amount of change. Maybe a couple of bucks.
ALso note that for this it does not matter just HOW rich the richest persons are.
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I always have a difficulty remembering the difference between median and medium
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Well, it isn't called "medium". If I saw someone asking for the medium, I would assume that they mean "the median" instead.
The median is the number that is right in the middle of the distribution, so if you have the data points: 1, 1, 1, 3, 14, 80, and 141, the median is 3.
The mean/average is what you get if you add all the numbers together and divide that by the number of data points. For the above example the sum is 241, and divided by 7 that is approximately 34.3 .
The mode that @Aussiemandeus mentions is the number that appears the most times, so that is 1.
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Thank you
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And mean and mode
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48 comments