What do you think is the most interesting aspect of this Mean vs. Median Income and Income Percentiles activity? What new information came as a
What do you think is the most interesting aspect of this "Mean vs. Median Income and Income Percentiles" activity?
What new information came as a surprise to you? (from this activity)
Mean vs. Median Income and Income Percentiles Part 1 - Mean vs. Median Incomes Use the chart found here to discuss the differences between mean and median income. Average vs median income Median and mean income between 2012 and 2014 in selected OECD countries in USD; weighted by the currencies' respective purchasing power (PPP). mean income median income 10k 20k 30k 40k 50k 60k Luxembourg Norway Switzerland Australia United States Canada Austria Iceland Denmark Belgium Netherlands Sweden Finland Germany France New Zealand Ireland South Korea Japan United Kingdom Italy Spain Israel Slovenia Czech Republic Slovakia Portugal Estonia Poland Chart: Lisa Charlotte Rost, Datawrapper . Source: OECD . Get the data . Created with Datawrapper *Note that the graph can be edited to also show a scatter plot of median vs mean income.Part 2 - Income Percentiles in Canada Use this site to explore Canadian income by percentile split up by various categories, including age, gender, time, province. Percentile lines are presented in fifths from the 5th percentile to the 95th. Enter an income (numbers only) Category Single years of age 1300,03030 :607000- 99th 150,030 98th #1907200- 97th 90th 420,000- 75th C *Unfortunately, for this set of data the only options for gender are male or female. There is no data on those who identify as non-binary or transgender. The 2021 census questionnaire was updated to include a question on sex at birth and another question on gender now, which allows respondents to identify as a gender other than male or female. Discussion questions: 1) Change the graph category to Time and use the graph to estimate the 50" percentile, the 98th percentile and the 10" percentile for 2015. Does this give you a better idea about income distribution than simply knowing the mean median? 2) Change the graph categories to explore where differences exist between different groups (eg., age, gender, etc.) Note that this does not explain why the differences exist.Discussion questions 1) Why do you think the mean income is higher than the median income in all cases? Activity: Calculate the mean and median of the following incomes (given in thousands of dollars). 33, 45, 56, 62, 71, 150, 275 Which of these calculations better represents a "typical" income? 2) Activity: Calculate the mean and median of these incomes (given in thousands of dollars). 20, 20, 100, 100 Calculate the mean and median of this sample of incomes: 50, 55, 65, 70 3) What other information besides the mean and median might be helpful to help us to understand the income distribution in a country
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