Salary data in Italy.
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Median — the middle value: half of all employees earn more than this, and half earn less.
For salaries of 1 000 €, 1 500 €, and 6 000 €, the median is 1 500 € — the middle value — while the average is 2 833 €, pulled upward by the highest salary.
That's why the median is a more realistic measure of a typical salary.
Median — the middle value: half of all employees earn more than this, and half earn less. For salaries of 1 000 €, 1 500 €, and 6 000 €, the median is 1 500 € — the middle value — while the average is 2 833 €, pulled upward by the highest salary. That's why the median is a more realistic measure of a typical salary.—
Average — the total of all salaries divided by the number of employees.
For salaries of 1 000 €, 1 500 €, and 6 000 €, the median is 1 500 € — the middle value — while the average is 2 833 €, pulled upward by the highest salary.
That's why the median better reflects a typical salary.
Average — the total of all salaries divided by the number of employees. For salaries of 1 000 €, 1 500 €, and 6 000 €, the median is 1 500 € — the middle value — while the average is 2 833 €, pulled upward by the highest salary. That's why the median better reflects a typical salary.—
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