* on the back of Scott's economic/finance lessons, in the news headlines tonight, lehrer did a report about something or other (i think it was house prices, i wasn't really paying attention) and let's say he said that the average house price fell an average of 10% last month. He helpfully added '50% of sales were higher than that, and 50% of sales were lower.'
The average (50% higher than that, and 50% lower) IQ of americans just went up 5 points.
update: someone called me out in the comments on the difference between median and average.
point taken, humbly.
and i listened to the audio - and yep, lehrer says 'median.' my only excuse, as i say in the post, is that i wasnt listening properly. so there.
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2 comments:
I'd be surprised if exactly half of sales were higher/lower than average price. The appearance of Lehrer's IQ just went down several points on those 10% of americans who know the difference between concepts of average and median.
I'd better post this nitpicking anonymously. :) (as if... damn those IP logs)
That's not me Lukery. I'm down here
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