I was looking up the average networth of 30 year olds in the United States and it said: “The average net worth is $122,000 and the median net worth is $35,112” my brain is too smooth please help.
In: 8
If you have a bunch of numbers, the median is the point where half of the numbers are higher, and half are lower.
Average is what you get if you add all the numbers and divide by how numbers you added.
Example: you ask 7 people how many boxes of cereal they have in the cabinet at home and their answers are 0, 1, 1, 2, 3, 4, 5. The median is 2 because half the people had fewer and half had more. The average is (0 + 1 + 1 + 2 + 3 + 4 + 6) / 7 = 2.43.
Latest Answers