Consider the following sentence:
"The median annual wage for lawyers is $120,000."
Does 'median' mean the same 'average'?
No. Median is a number that divides a set into two halves - one set higher and one set lower than the median. Average is the sum of the numbers divided by how many numbers are in the set.
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No. Median is a number that divides a set into two halves - one set higher and one set lower than the median.
Average is the sum of the numbers divided by how many numbers are in the set.
For example consider the following set:
2,5,6,8,13,20
The median is 7, because (2,5,6) are lower than it, while (8,13,20) are higher.
The average is (2+5+6+8+13+