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.
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When we talk about numbers, we sometimes want to know what the “middle” number is. There are two ways to figure this out: the median and the average.
The median is the middle number when we put all the numbers in order from smallest to biggest. Imagine you and your friends are all lined up from shortest to tallest. The friend in the middle of the line is like the median.
The average, on the other hand, is when we add up all the numbers and then divide by how many numbers there are. Imagine you and your friends all have a number that represents your height. To find the average, you add up everyone’s number and then divide by the number of friends you have.
So, the median is the middle number in a set of numbers when they’re put in order, and the average is when you add up all the numbers and then divide by how many numbers there are.
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