Which job would be better?
One that has a salary where the mean and median are close OR
one where the salary of the mean and median have huge gap (like mean 36,000 and median 20,000)
Algebra - Jen, Sunday, June 13, 2010 at 8:42pm
one with the mean and median close
Algebra - PsyDAG, Monday, June 14, 2010 at 12:56pm
Are you assuming that the person has the mean or median salary? You cannot judge a person's salary by the difference between mean and median, unless the salary = either measure. Where your salary is in the distribution is more important than the mean/median values. (e.g., If your salary is the lowest in the distribution, you will be dissatisfied, regardless of the values of the mean/median.)
Also, remember that the mean is most influenced by extreme scores, whether they are higher or lower.