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The graph below shows American household income in 2 0 1 0 . ( More recent data is similar, but this was a pretty graph,
The graph below shows American household income in More recent data is similar, but this was a pretty graph, so I used the data. Imagine that you had to describe that data using either it's mean, its median or its mode. Which would you choose, and why? What are the benefitsdrawbacks of the mean or the median as a descriptor of a variable like this? When would those distinctions matter, and when would they not matter?
File:Distribution of Annual Household Income in the United States png Wikimedia Commons
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