What is the difference between Median and Average?

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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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Anonymous 0 Comments

“Average” is somewhat ambiguous, though it usually means the mean of a set of numbers. Say you’ve got the set 1,1,2,3,13.

* Mean: 4. (1+1+2+3+13)/5
* Median: 2. (the one in the middle)
* Mode: 1. (the most common)

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