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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: donss who wrote (2012)11/7/1997 8:54:00 PM
From: Investor2  Read Replies (2) of 42834
 
RE: "If so, Montgomery might have been on more solid ground if it had cited that median estimate of 15% a year, instead of the 34% average. Statisticians say the median is a more representative statistic than the average "if the response distribution is really skewed," says Peter Miller, a professor at Northwestern University, Evanston, Ill. "The average is sensitive to extreme values. That's why you often see reports of median income instead of average income."

Yes, that's what I was trying to say in my previous post.

Thanks for the information,

I2
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