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What is the difference between mean and median salary?
the mean is the average of all the salaries an the the median is the number that falls in the middle
What is the mean median and mode of a lawyers salary?
Mean, median and mode are averages of sets of numbers, not one single one.
What is the meaning of median salary or average salary?
average salary is a pretty generic term and does not tell you how the number is computed. Usually, but not always, it would be the sum of the salaries divided by the number of salaries. This is known as the mean. The median salary is the "middle" value. That is to say, if you listed all the salaries from lowest to highest, the median would be right in the middle. A more precise statistical definition might say it is the value that separates the higher half of a sample or a probability distribution from the lower half. When you say average, the might indicate the mean salary, but we don't know for sure. The mean is what I described in the first paragraph.
Is the mean and median of a data set always near to being equal?
Only if the data are symmetrical.========And to illustrate the above:Imagine a bus that has 3 passengers on it, all of whom work at a factory earning £15,000 per year. If we consider the mean and median salary of the passengers then here they will be identical as the data is perfectly symmetrical.However, now suppose Bill Gates (who of course earns a vast salary!) got on this bus at the next stop. With these 4 passengers, suddenly the mean salary has now increased dramatically, yet the median salary remains unchanged at £15,000.
What is the median salary in Russia?
The median salary in Russia is $1,000 per month. Salaries in the Russian Federation are a little bit higher at $1,200 per month.
