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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.

Q: 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?

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Prison inmates.

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.

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.

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.

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.

Related questions

$10,000

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.

Rutgers only offers Bachelor's for people 29 and older.

Prison inmates.

No.

When wanting to be a OTA you should have a masters degree. This is more than a bachelor 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.

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.

You misspelled 'Bachelor's Degree', you jackass.

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.

The majority of people hired by the CIA will have a bachelor's degree.

Many people choose chemistry or biology