In a given population,the median income will always be the same as the average income.

Question

Quizplus · Accepted Answer

The median income is the middle number in a list of incomes, while the average income (mean) is calculated by adding up all the incomes and dividing by the number of people. In a population with a skewed distribution (where some people have extremely high or low incomes), the median income may be different from the average income.

In a Given Population,the Median Income Will Always Be the Same