eli5 Why do we use median salary instead of mean salary?

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Wouldnt mean salary be a better representation of the public then median?

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Anonymous 0 Comments

Sometimes you don’t want either and modal is preferred. For example if you want to know for a totally random individual that you bump into on the street what is their most likely income bracket then what you actually care about is modal income. However for a variable like income it forces you to group income ranges which can be a bit arbitrary.

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