"the average amercian makes x" = medianNo that's the modal American.
What if the distribution is bi-modal?
Wrong. “The average American” only makes sense if there is exactly one American who is perfectly average. Or else it refers to a Platonic ideal of what an average American is.
Wrong again.
When you say 'average' you are employing the mathematical operator E( ).
I was hoping we all understood the definition that operator since this is an economics blog and we all took real analysis with grade B+ or higher.
"Income of the average american" != "Average Income of Americans"
Wrong. “The average American” only makes sense if there is exactly one American who is perfectly average. Or else it refers to a Platonic ideal of what an average American is.Wrong again.
When you say 'average' you are employing the mathematical operator E( ).
I was hoping we all understood the definition that operator since this is an economics blog and we all took real analysis with grade B+ or higher.
Wrong. “The average American” only makes sense if there is exactly one American who is perfectly average. Or else it refers to a Platonic ideal of what an average American is.Wrong again.
When you say 'average' you are employing the mathematical operator E( ).
I was hoping we all understood the definition that operator since this is an economics blog and we all took real analysis with grade B+ or higher.
No, i/diot. You should learn basic English grammar before spouting off about high school mathematics.
"Income of the average american" != "Average Income of Americans"
The left hand side is awkwardly worded that no one with training would ever use it. You can average numbers but you cannot 'average' human beings. You can average their *incomes* of course.
The left hand side is meaningless if taken literally.
Thus, anyone with training would interpret the the left-hand side as an awkward way of trying to say the right hand side.
The dude that said 800k was a total chad. It’s true that earning 800k in San Francisco basically qualifies you for food stamps
She is teaching FRESHMEN - bunch of 18-year-olds. How many 18-year-olds in the US have any clue about the average income in the US? And 25% of Penn students are international. Probably more so in Wharton.
Of course, one should expect more from students who make it to Wharton. But 75% of the class got it right, with one 18-year-old, probably from a completely remote part of the world, making a crazy guess.
NS is teaching ethics, but how ethical is it to use students and their weakness to go viral? To embarrass/shame her own students publicly? And isn't it her fault that the best and the brightest are unaware of the realities of the world?
Ethical thing to do would be to tweet that the survey was from freshmen, some of whom have only been in the US for a few months and probably spend 24/7 of their time studying.
Someone teaching ethics should also practice some ethics.