Reply to The Average American is a Millionaire

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So basically OP is asking people to feel good because the gazillionaires got even richer?

Classic DCUM clickbait. [/quote]

I would guess that OP didn't understand the difference between median and mean.[/quote]

No. Quite the opposite. The title of the post states “The Average American is a Millionaire.” Average is synonymous with mathematical mean or expected value, not with median. The former is a first order statistical moment while the latter is a nonlinear operation applied to a numerically ordered set of data.

OP’s assertions are spot on. Most readers seem to have inferred something else. Understandable, if one also doesn’t the difference between mean and median. [/quote]

Everybody who made it past 5th grade knows that average is not synonymous with mean. It is an ambiguous term for any measure of central tendency.

Mean, median, mode, and midpoint range are all error-minimizing for norms of different dimensions (L_2 square error, L_1 linear error, L_0 indicator error, and L_infinity max error).

[/quote]

No. Only stupid political science and liberal arts majors believe this after having performed an internet search to determine the answer. Sorry, you can’t rely on AI to compensate for your irrefutably weak understanding of this topic. [/quote]

DP.  Pot meet kettle.

I’m certain you have no idea of what’s really meant by “The former is a first order statistical moment while the latter is a nonlinear operation applied to a numerically ordered set of data.”

Feeling the need to write that median is a nonlinear operation is so blindingly obvious, so lacking in any actual information value, and yet so obtuse to many people that a real numerate person could not possibly have come up with that nugget of nonsense.

If you ARE a real person and you really did stand up on your hind legs a vomit forth that nonsense, perhaps you have a future writing high school calculus textbooks.  That pedantic yet obtuse tone is perfect.  [/quote]

Can’t decide whether or not this is a joke in simultaneously poor taste and limited intellect or just another randomly assimilated stream of consciousness from a stereotypical DCUM dimwit.

Well played, my simplistic friend. [/quote]

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