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2. The Net Worth Number You might have seen the following table floating around the web: Assets Above ($) Net Worth Number 1 10
2. The Net Worth Number You might have seen the following table floating around the web: Assets Above ($) Net Worth Number 1 10 0 1 100 2 1,000 3 10,000 100,000 1,000,000 10,000,000 100,000,000 8 1,000,000,000 9 10,000,000,000 10 11 100,000,000,000 In other words, if you have assets of $50,000, your Net Worth Number is 4. a) If we have data of the net worth number for many people, does it make sense to compute the median net worth number? What does it tell us? b) If we compute the average of the net worth numbers for many people, what, if anything, does it tell us?
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