Cohousing-L Mailing List: Re: Median Income & Affordable Housing

[Howard Landman (howard]

> "Median" means the income that is most common, rather than the "average"
> which can be skewed by a cluster of very high or very low incomes. The
> median on a bell curve would be the peak of the curve.

Completely wrong.  The most common value is the "mode", which would
be the peak of the curve.  The "median" is the value for which half the
population is above it and half is below it.

        Howard A. Landman
        River Rock Commons
        Fort Collins, Colorado
_______________________________________________
Cohousing-L mailing list
Cohousing-L [at] cohousing.org  Unsubscribe  and other info:
http://www.cohousing.org/cohousing-L