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If The mean and median income of people who worked full time in 2001 and had at least a bachelor degree were 53054 and 72674 which is the mean and the median and why?
Mcapolino
There are two numbers, 53054 and 72674.
You want me to tell you which value would logically be the mean income and which would be the median income. Since the group excludes people with part-time or unemployed, but includes people with advanced degrees (at least a bachelors), this would suggest a right skewed distribution.
A small percentage of high income earners will add to the tail, making the mean higher than the median.
Under these conditions, it would be sensible to consider the median = $53054 and the mean = $72674.
This is not absolute. If my sample was small and included only new graduates at a particular school, which had a few very low wage earners, (teaching assistants), the opposite could be true.
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∙ 14y ago
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What people would be LEAST likely to have a high median income?
Prison inmates.
Which people would be LEAST likely to have a high median income?
The people least likely to have good incomes are those who were born into poverty. With the intentionally built barriers out of poverty, it is nearly impossible to move out of it in some situations.
What does median salary mean?
the median sellery means the sellery given to the poor people which are doing low quality works like gate keepering or simple works are getting the median sellery.
Which jobs use the median?
It is very hard to generalize in this manner. There are times when a set of data is best described by the median. Frequently, both the mean and the median are calculated, and presented. It is not the profession but the characteristics of the data which determines the choice. A tightly controlled experiment, where random effects are small, such as in chemistry or physics would most likely report the mean rather than the median, although both may reported. Remember that median is a robust measure of the center, in that a few numbers which are numerically distant from the normal range will not affect results as much as the numerical average. Frequently, the median home price are stated to avoid unrepresentative (for most of us!) extremely expensive homes. Stating the median salary for a particular group (profession, years of experience, education) would diminish the affects of extreme values. The median income for different countries will not be affected by a very small percentage of the wealthest people in the country. The statistician would report the median when appropriate. For the examples provided, a market analyst involved in housing prices would normally use the median. An economist or financial analyst involved in analyzing salaries or incomes, would also use the median. The list of professions where the data would be more appropriately represented by the median is long. It includes epidemiologists, engineers, astronomers, social workers, and accountants. Even a fisherman, who wants to report how many fish he catches on a "normal day" would use the median.
What does annual median wage mean?
Well, wage is how much one earns. Annual wage means earnings in one year.Saying MEDIAN annual wage would mean you are asking about a group of individuals. A median is defined as a number at the center position of a set of numbers. In other words, whatever that MEDIAN annual wage is, 50% of people would earn more than that number in a year, 50% would earn less.
What was the median income for wealthy people in the 1940's?
$10,000
Do epidemiologist have to have an associate's degree before a bachelor's degree?
No. An associate's degree is never a requirement for a Bachelor's degree, but having one can help some people who lack good High School records get into at Bachelor's program.
Does Rutgers offer a Bachelor's degree?
Rutgers only offers Bachelor's for people 29 and older.
What people would be LEAST likely to have a high median income?
Prison inmates.
Are people with bachelor degree in information technology considered as engineers?
No.
With bachelor degree what classes do I need for a OTA SideNote I would appreciate more response from people Thanks?
When wanting to be a OTA you should have a masters degree. This is more than a bachelor degree.
How many people have a bacherlors degree?
According to the US Census Bureau, 27.2% of the US population have a bachelor's degree or higher.According to the US Census Bureau, 27.2% of the US population have a bachelor's degree or higher.According to the US Census Bureau, 27.2% of the US population have a bachelor's degree or higher.According to the US Census Bureau, 27.2% of the US population have a bachelor's degree or higher.According to the US Census Bureau, 27.2% of the US population have a bachelor's degree or higher.According to the US Census Bureau, 27.2% of the US population have a bachelor's degree or higher.
Is there a difference in the salary of people who received Bachelors degrees an those who received Masters degrees?
A bit of research reveals that on average, people with Master's degrees do earn more than people with Bachelor's degrees. In my state, their average starting salary is over $3000 greater. However, how getting a Master's degree will effect your income really depends on what you get a degree in. A Bachelor's degree in computer science or engineering will open the door to different careers than an MFA in theater, for example.
How many people in the us have bacular degrees?
You misspelled 'Bachelor's Degree', you jackass.
What local universities offer a finance bachelor degree?
Many banks look for people with degrees at any level in Business Administration, or Finance Services. Preferably, someone with at least a bachelor's degree.
How long do you go to college to be in the CIA?
The majority of people hired by the CIA will have a bachelor's degree.
How does a doctoral degree help?
it doesn't It is superior to a Bachelor's and a Master's degree, so it might help getting hired before people who have them.
