Yes. Higher or lower. The average is the sum of the elements divided by the number of elements. The median is the average of only the highest and lowest numbers..
For the numbers 0,5,100, the median is 50 and the average is 35.
For the numbers 0,53,100 the median is still 50 and the average is 51.
The national median home price during 2010 was $166,100 according to the National Association of Realtors. The median price can vary greatly based on the region in which a home is based. The national median price provides a rough guide to what the average home costs but real estate is always local meaning that based on location some home prices will be higher and some lower.
In 1978, the cost of living in the United States was significantly lower than today. The average annual income was around $16,000, and the median home price was approximately $54,000. A gallon of gas cost about 63 cents, while a dozen eggs was around 56 cents. Overall, inflation was much lower than in recent years, making everyday expenses more manageable for many families.
In 1990, the average cost of living in the United States was significantly lower than today. The annual inflation rate was around 5.4%, and the median household income was approximately $30,000. For example, the average price of a new home was about $123,000, while the average cost of a gallon of milk was around $2.78. Overall, the cost of basic necessities and housing was much more affordable compared to modern standards.
In the year 2000, the cost of living varied significantly depending on the location, but on average, the Consumer Price Index (CPI) in the United States was about 172.2. Housing costs, healthcare, and education were generally lower than today, with the median home price around $169,000 and average rent for an apartment close to $800 per month. Overall, while prices were lower, wages were also less, and the economic conditions of the time were different compared to today.
as a marginal cost is the cost of the next product produced, if this is less than average cost, when you continue to produce more products the lower marginal cost will have an affect on the average and cause it to fall.
Yes. It can be higher or lower
Yes. If the predominant data are higher than the median, the mean average will be higher than the median average. For example, the median average of the numbers one through ten is five. The mean average is five and one-half.
The average salary for an art teacher in Louisiana is around 41,000 dollars a year. The average salary in this state is lower than the national average.
Yes. If the lower values tend to be farther below the median than the highest values are above the median, the mean is smaller than the median. why are write wrong
because mean you add all the number and median you look for the number in the middel
Yes, the mode is the number that occurs most often. The median is the average.
Generally, when the median is greater than the mean it is because the distribution is skewed to the left. This results in outliers or values further below the median than above the median which results in a lower mean value than median value. When a distribution is skewed left, it is generally not very symmetrical or normally distributed.
Generally in the lower 10% until they build up their practice.The average median salary would be $120. per hour.The average median salary weekly would be $4800.The average median salary monthly would be $20,666.As of 2010, In the USA the annual median Obstetrician Salary is $248,000.The lower end 10% is around $101,000 annually.The upper end 10% is around $350,000 annually.
The median is a more robust measure than the average, which means it is more resilient to the effects of outliers in your dataset.
Median signal strength is a number such that the actual signal is higher than that number 50% of the timeand lower than that number 50% of the time.
The median, by definition, tells you the "half way point" of your data. Exactly half of the observations in the dataset will be less than the median and half will be greater than the median.
yes, depending on what your numbers are, you would need for one to be higher and one lower than your current median, it's always the number in the middle or the average of the 2 middle if it's an even amount of variables.